Stack Funding in South Carolina | Swift Deal Funding
Stack (Morby Method) Funding in South Carolina
Stack funding handles the creative-finance gap: a seller agrees to carry back a note covering the buyer’s down payment, but the closing attorney still needs actual cash in the transaction to close. Stack supplies that money at the table, and the recorded seller-carry note repays our funds plus a flat 2.5% fee. Across South Carolina’s growing Charleston, Greenville, and Columbia markets, funded amounts typically run $30,000 to $100,000, with capacity to $10 million.
The defining factor in South Carolina is that a licensed attorney must supervise the closing. That attorney records the deed and your seller-carry second-position note, and controls disbursement — so the recording sequence Stack depends on sits with one accountable professional. For a creative-finance deal that hinges on a recorded carry-back, that mandatory attorney supervision is genuinely useful.
How Stack closes in South Carolina
South Carolina is a wet-funding, attorney-supervised state. Our cash must be in the attorney’s escrow before anything records. On closing day the attorney records the deed, records your seller-carry note in second position, and disburses to the seller; our recorded note then repays our funds plus the 2.5% — usually the same business day. Because the money is escrowed in advance and one SC attorney controls the order, the repayment clears cleanly. We confirm with the attorney’s office beforehand that the carry-back will record exactly as your contract specifies.
Pricing
Flat 2.5% of the funded amount. No upfront fees — collected through the closing statement.
| Funded Amount | Fee | Example |
|---|---|---|
| $50,000 | 2.5% | $1,250 |
| $100,000 | 2.5% | $2,500 |
| $500,000 | 2.5% | $12,500 |
| Up to $10,000,000 | 2.5% | $250,000 |
What you’ll need
- Executed purchase contract with seller-financing terms
- Seller carry-back large enough to cover the required down payment plus closing costs
- South Carolina closing attorney prepared to record the second-position note immediately after closing
- Written confirmation from the attorney that the note will record as agreed
A typical South Carolina Stack scenario
A Charleston investor structures a subject-to acquisition where the seller carries back $55,000 — covering the down payment and closing costs on a $300,000 home. The financing still requires that $55,000 to hit the deal to close. We fund it. The supervising attorney records the deed and the seller-carry note in second position, then repays our $55,000 plus the $1,375 fee from the recorded note, same day. The investor acquires the property with no personal cash at the table, and the seller’s note clears our repayment.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate the carry-back recording directly with your closing attorney.
Frequently Asked Questions
Who records the seller-carry note in a South Carolina Stack deal? +
Your South Carolina closing attorney does. SC requires attorney-supervised closings, so a licensed attorney records the deed, records your seller-carry note in second position, and manages disbursement. We require written confirmation from the attorney's office that the carry-back will record exactly as your contract specifies. Having one supervising attorney control the recording sequence makes the same-day repayment of our funds clean and predictable.
How does South Carolina's wet-funding rule work with Stack? +
Wet funding means our cash must be in the attorney's escrow before recording. On closing day the supervising attorney records the deed, records your seller-carry note in second position, and disburses; our recorded note then repays our funds plus the flat 2.5%, typically the same business day. Because the money is already escrowed and one attorney controls the sequence, there's no waiting on a post-closing transfer to clear our repayment.
What South Carolina deals are a good fit for Stack? +
Stack fits Charleston, Greenville, and Columbia subject-to and owner-finance acquisitions where the seller carries a note covering the buyer's down payment, but the closing attorney still needs real money in the deal to close. With SC's rising prices, carry-backs of $30,000 to $100,000 are common. Stack supplies that amount at the table, and the recorded second note repays us plus 2.5%, so you acquire with no personal cash committed at closing.
Apply for Stack Funding in South Carolina
Submit your application online — same-day decisions for complete files before 2 PM Eastern.