Stack Funding in Reno, NV | Swift Deal Funding
Stack (Morby Method) Funding in Reno, NV
Stack funding provides the cash needed at the closing table when a seller carry-back note covers the buyer’s down payment but escrow still requires real funds to close. The recorded second-position note repays our funds plus a flat 2.5% fee — often the same business day. Reno Stack deals typically run $45,000–$160,000 funded, with capacity to $10,000,000 per transaction.
Stack fits Reno’s market because of its equity. Years of Tesla-driven appreciation and California-equity inflow have left many longtime owners in Midtown, Sparks, and the central neighborhoods holding deep equity — sellers who will carry paper to defer a full cash payout. Subject-to and owner-finance structures are common, and Stack covers the working capital escrow needs to record the deal.
How a Stack deal closes in Reno (dry-funding, record-first)
Nevada is a dry-funding escrow state, which shapes the entire Stack timeline. The Reno escrow agent records before disbursing — funds never release at signing. The sequence:
- The deal is structured with a seller carry-back covering down payment + closing costs.
- We wire the cash needed to close into escrow.
- The deal signs; escrow records the deed, then the carry-back note in second position with Washoe County.
- Once recording confirms, escrow disburses and the recorded second note repays our funds plus 2.5%.
The recorded second-position note is the repayment instrument, so recording is non-negotiable — and because Nevada disburses post-recording, your escrow agent’s Washoe County recording cutoff governs whether it clears same day. Clear any NRS 116 HOA super-priority lien first, since it can block recording the note in the position you need.
Pricing
Flat 2.5% of the funded amount, collected on the settlement statement. No upfront fees.
| Funded Amount | Fee |
|---|---|
| $50,000 | $1,250 |
| $100,000 | $2,500 |
| $500,000 | $12,500 |
| Up to $10,000,000 | $250,000 |
What you’ll need
- Executed purchase contract with seller-financing terms
- Seller carry-back ≥ required down payment + closing costs
- A Reno escrow agent prepared to record the second-position note immediately after closing
- Written confirmation from escrow that the note will be recorded as agreed
No credit check, income verification, or tax returns; no Nevada wholesaler license required.
A typical Reno Stack scenario
You structure an owner-finance deal on a Sparks property where the seller carries a $65,000 note covering the down payment and costs, but escrow still needs $55,000 of real funds to close. After your title officer confirms HOA assessments are current, we wire the $55,000 into your Reno escrow. The deal signs; escrow records the deed and your second-position carry-back note with Washoe County. Once recording clears, escrow disburses and the recorded note repays our $55,000 plus the $1,375 fee — same business day when the file is in early.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate with your Reno escrow agent on the carry-back recording.
Frequently Asked Questions
How does Stack funding handle Nevada's record-first escrow in Reno? +
Stack supplies the cash needed at closing when a seller carry-back covers the buyer's down payment but escrow still needs real funds to close. Because Nevada is a dry-funding escrow state, the Reno escrow agent records before disbursing. We wire the cash; escrow records the deed and the second-position carry-back note with Washoe County, then disburses. The recorded second note repays our funds plus the flat 2.5% — typically same business day once recording confirms. Confirm the recording sequence with your escrow agent.
Do HOA super-priority liens affect a Reno Stack deal? +
They can. Stack depends on recording the deed and your second-position carry-back note cleanly with Washoe County. Under Nevada's NRS 116, an HOA's unpaid assessments can carry a super-priority portion that clouds title and complicates recording the note in the position you need. Many Reno and Sparks homes sit in HOA communities, so have your title officer confirm assessments are current before funding. A clean title is what lets escrow record the second note as agreed. Confirm with your escrow company.
When is Stack the right call instead of Echo on a Reno deal? +
Use Stack when the deal has seller financing built in — an owner carrying a note rather than taking full cash. With Reno's strong appreciation, many longtime owners hold deep equity and will carry paper, which suits subject-to and owner-finance structures. The carry-back must cover the down payment plus closing costs. Use Echo instead when repayment comes from a large assignment fee with no seller note. Both front cash at the Reno close; Stack is repaid by the recorded second note, Echo from seller proceeds.
Apply for Stack Funding in Reno, NV
Submit your application online — same-day decisions for complete files before 2 PM Eastern.