Stack Funding in Sarasota, FL | Swift Deal Funding
Stack Funding in Sarasota, FL
Stack funding — built around the Morby Method — supplies the cash a Sarasota closing needs at the table when a seller carry-back note covers the buyer’s down payment but title still requires real funds in escrow to close. The recorded seller-carry note then repays our funds plus a flat 2.5%, often same-day through title. It’s the right tool for creative-finance and subject-to deals common on Sarasota’s equity-rich, retiree-owned properties, where a seller prefers payments over a full cash payout. Capacity runs from small deals up to $10 million per transaction.
How Stack funding closes in Sarasota
Florida is a wet-funding, title-company closing state, so a single Sarasota title office both disburses proceeds and records the seller-carry second-position note — no separate attorney leg as in Georgia. The seller agrees to a carry-back covering the down payment and costs. On closing day we wire the cash title needs at the table; the deal closes, the seller-carry note records in second position, and that note repays our funds plus 2.5% — typically same-day through title. Standard turnaround is about 48 hours from a complete file. Confirm in writing that the title office will record the note as agreed.
Pricing
Flat 2.5% of the funded amount, collected through the settlement statement. No upfront fees.
| Funded amount | Fee |
|---|---|
| $40,000 | $1,000 |
| $75,000 | $1,875 |
| Up to $10,000,000 | 2.5% flat |
What you’ll need
- Executed purchase contract with seller-financing terms
- A carry-back amount that covers the required down payment plus closing costs
- A Sarasota title company ready to record the second-position note immediately after closing
- Written confirmation from title that the note will be recorded as agreed
No credit check, income verification, or tax returns.
A typical Sarasota Stack scenario
A long-time owner of a $450,000 home near the affluent inland neighborhoods agrees to a subject-to/seller-carry structure. The carry-back covers the $40,000 the buyer would otherwise bring as a down payment, but title needs that cash present to close. We wire $40,000 on closing day; the deal closes, the second note records, and it repays us $40,000 plus a $1,000 fee (2.5%) — typically same-day. The seller collects payments, the buyer needed little cash, and you keep the spread.
Apply
Send your purchase contract and seller-financing terms online — we coordinate the carry-back recording directly with your title company.
Frequently Asked Questions
Who records the second note on a Sarasota Stack deal? +
The Florida title company handling your Sarasota closing records the seller-carry second-position note. Florida is a title-company closing state, so the same office that disburses proceeds also records the note that repays us — no separate attorney step like Georgia requires. We provide the cash needed at the table on closing day, and the recorded second note pays back our funds plus a flat 2.5%, often same-day through title. Get written confirmation from the title office that it will record the note as agreed before you schedule.
What Sarasota deals fit Stack funding best? +
Stack fits creative-finance structures where a motivated seller agrees to carry back a note covering the buyer's down payment, but title still needs real funds at the table to close. In Sarasota, that often means retiree-owned homes with substantial equity where the seller would rather collect payments than a full cash payout, or subject-to deals on Gulf-coast and inland properties. If there's a sizable assignment fee instead of seller financing, Echo is usually the better tool.
How does Stack differ from a double close in Sarasota? +
A double close has us fund the entire A-B purchase, repaid from the end buyer's proceeds at the same closing. Stack is for seller-financed deals: the seller's carry-back covers the down payment, we supply only the cash title needs at the table, and a recorded second-position note repays us afterward. Both close through a Sarasota title company, but Stack hinges on the seller-financing terms and the title office being ready to record the second note immediately.
Apply for Stack Funding in Sarasota, FL
Submit your application online — same-day decisions for complete files before 2 PM Eastern.