Stack Funding in New Jersey | Swift Deal Funding
Stack (Morby Method) funding in New Jersey
Stack funding covers the cash a New Jersey closing table needs when a seller carry-back note is supplying the buyer’s down payment but the closing attorney still requires real money in trust to close. Swift Deal Funding provides that cash; a recorded second-position note then repays our funds plus a flat 2.5%, usually the same day. It is the financing piece that lets creative seller-finance and subject-to deals close.
New Jersey’s high prices make this especially relevant. In NYC-metro submarkets — Jersey City, Newark, and the inner-ring towns — down payments are large, so a seller carry-back is often what makes a creative deal pencil. Equity-rich, motivated sellers in those markets, and across Camden and Trenton, sometimes prefer carrying a note to a full cash payout. With roughly 9.29 million residents, deal flow is steady; funded amounts here typically run $20,000–$70,000.
How a Stack deal closes in New Jersey
New Jersey is an attorney-state and a wet-funding state, so a closing attorney conducts settlement: once documents are signed and funds are in trust, the attorney disburses to the seller and records the seller-carry note in second position with the county clerk — no separate dry-funding delay. Our funds are repaid from that recorded note, typically same-day.
The standard contract’s three-business-day attorney-review period should clear before funding is scheduled. New Jersey has no wholesaler-licensing statute, so disclose your interest as standard practice and document seller-financing terms cleanly. Get written confirmation your closing attorney will record the second note as agreed, and confirm the order of operations with that attorney.
Pricing
Flat 2.5% of the funded amount, nothing upfront:
| Funded amount | Fee |
|---|---|
| $70,000 | $1,750 |
| $120,000 | $3,000 |
| Up to $10,000,000 | 2.5% flat |
What you’ll need
- Executed purchase contract with seller-financing terms (attorney review cleared)
- A carry-back amount that covers the required down payment plus closing costs
- A New Jersey closing attorney ready to record the second-position note right after closing
- Written confirmation that the note will be recorded as agreed
No credit check, no income verification, no tax returns.
A typical New Jersey Stack scenario
An investor structures a subject-to purchase of an Elizabeth two-family at $360,000, with the seller carrying back enough to cover the $72,000 down payment but the attorney needing cash in trust to close. Once attorney review clears, we fund $72,000 at the table. The closing attorney disburses, records the seller-carry note in second position, and repays us $72,000 plus the 2.5% fee ($1,800) from that note — same day. The investor controls the property with minimal cash in.
Apply
Submit your purchase contract and seller-financing terms online; we coordinate the carry-back recording with your closing attorney.
Frequently Asked Questions
Who records the second-position note in a New Jersey Stack deal? +
Your closing attorney does. New Jersey is an attorney-state and a wet-funding state, so the attorney conducts the settlement, disburses to the seller, and records the seller-carry note in second position with the county clerk — without a separate dry-funding wait. We require written confirmation from the closing attorney that the second note will be recorded as agreed before we fund. Our repayment plus the flat 2.5% comes from that recorded note, typically same day.
When should a New Jersey investor use Stack funding? +
Use Stack when a New Jersey seller agrees to carry back financing that covers the buyer's down payment but the closing attorney still needs real cash in trust to close. We supply that cash, repaid by a recorded second note plus a flat 2.5%. In high-price NYC-metro submarkets, down payments are large, so seller carry-backs make creative and subject-to deals viable — and some equity-rich sellers prefer carrying a note over a full payout. Schedule funding after the attorney-review period clears.
What does Stack funding cost in New Jersey? +
A flat 2.5% of the funded amount, nothing upfront, collected on the settlement statement. New Jersey deals run larger, so a $70,000 Stack costs $1,750 and a $120,000 Stack costs $3,000. We do not check credit, income, or tax returns. The purchase contract with seller-financing terms and a carry-back covering the down payment plus costs underwrite the deal — plus written confirmation your closing attorney will record the second note as agreed.
Apply for Stack Funding in New Jersey
Submit your application online — same-day decisions for complete files before 2 PM Eastern.