Stack Funding in New York | Swift Deal Funding
Stack Funding in New York
Stack funding — built around the Morby Method — supplies the cash a deal needs at closing when a seller carry-back covers the buyer’s down payment but the closing still requires real money to fund. For New York creative-finance investors, that’s the bridge between a structure that works on paper and one that actually closes. A recorded second-position note repays our advance plus a flat 2.5% fee. Funded amounts here typically run $20,000–$70,000, capacity to $10 million. As a direct lender, we don’t check credit, income, or tax returns.
How a Stack deal closes in New York
New York is an attorney-closing, wet-funding state, and Stack involves a recorded second note, so the closing attorney is central. The deal is structured with the seller carrying back enough to cover the down payment and closing costs. We position our cash before closing. At the signing, the closing attorney executes the deed and the carry-back note and arranges for the note to record in second position behind the new first lien. Because New York funds wet, the attorney disburses at the table: proceeds to the seller, and the recorded 2nd note repays our funds plus the 2.5% fee. Unlike a title-agent state, the attorney both runs the closing and handles the recording instructions, so confirm with them that the carry-back will record in second position as agreed — and that disbursement reflects our repayment — before you schedule.
Pricing
Flat 2.5% of the funded amount. Nothing upfront — collected through the closing statement.
| Funded Amount | Fee |
|---|---|
| $50,000 | $1,250 |
| $100,000 | $2,500 |
| $250,000 | $6,250 |
| Up to $10,000,000 | 2.5% flat |
What you’ll need
- Executed purchase contract with seller-financing terms
- Carry-back amount ≥ required down payment + closing costs
- Closing attorney ready to record the seller-carry note in second position
- Written confirmation that the note will record as agreed
A typical New York Stack scenario
An investor structures an owner-finance deal on a Utica duplex: the seller carries back $55,000 covering the down payment and closing costs while financing the balance. The closing attorney needs that $55,000 to fund the table, so we provide it. The attorney closes, disburses wet, and records the second-position note. At disbursement the recorded note repays our $55,000 plus the 2.5% fee ($1,375). The investor picks up a cash-flowing duplex with none of his own money in the down payment.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate directly with your closing attorney on the carry-back recording.
Frequently Asked Questions
How does Stack funding work with a New York closing attorney? +
Stack provides cash at the closing table when a seller carry-back covers the buyer's down payment but the deal still needs real funds to close. In New York, an attorney-closing state, the closing attorney runs the table and arranges recording of the second-position carry-back note. We position our cash before closing; because New York funds wet, the attorney disburses at the table, and the recorded 2nd note repays our advance plus the flat 2.5% fee. Confirm the recording and disbursement order with your closing attorney.
What seller-financing terms does a New York Stack deal need? +
A purchase contract with seller-financing terms where the carry-back is at least the required down payment plus closing costs. The seller carries a note instead of taking full cash, and that note records in second position behind the new first lien. These structures show up across New York — subject-to and owner-finance deals from upstate Buffalo to downstate, where sellers with equity prefer payments over a lump sum.
What does Stack funding cost in New York? +
A flat 2.5% of the funded amount, with no upfront fees and no application cost. It's collected through the closing statement and repaid by the recorded second-position note. On a $50,000 Stack funding the fee is $1,250; on $100,000 it's $2,500. New York's wet-funding closings settle at the table, so repayment is arranged through your closing attorney, but the pricing matches every state.
Apply for Stack Funding in New York
Submit your application online — same-day decisions for complete files before 2 PM Eastern.