Stack Funding in Winston-Salem, NC | Swift Deal Funding
Stack Funding (Morby Method) in Winston-Salem, NC
Stack funding provides the cash a deal needs at the closing table when a seller carry-back note covers the buyer’s down payment — but title still needs real money in escrow to close. We wire that cash; the recorded seller-carry second-position note repays us plus a flat 2.5% fee, often the same day through the closing attorney.
Winston-Salem’s affordable, long-held housing stock makes it fertile ground for creative finance. The tobacco-and-textile era left blocks of mill houses and historic homes — Ardmore, the West End, Waughtown — owned for decades by sellers sitting on substantial paid-down equity. Many would rather carry a note for steady income than take a single cash-out check, which makes seller-financed and subject-to structures common here. Typical Winston-Salem Stack amounts run $30,000–$120,000, with capacity up to $10M.
How a Stack deal closes in Winston-Salem (NC attorney-must-close)
North Carolina is a wet-funding, attorney-closing state, so a licensed NC attorney supervises the closing, disburses from the trust account, and handles recording. For Stack, that attorney records the seller carry-back note in second position immediately after closing; the recorded note then repays our funds plus the 2.5% fee — typically same-day. We wire by 9 AM Eastern; standard turnaround is ~48 hours from a complete file. Confirm with your Winston-Salem closing attorney that they’ll record the second note exactly as structured before scheduling.
Pricing
Flat 2.5% of funded amount, no upfront fees, collected on the closing statement:
| Funded Amount | Fee | Example |
|---|---|---|
| $50,000 | 2.5% flat | $1,250 |
| $100,000 | 2.5% flat | $2,500 |
| $500,000 | 2.5% flat | $12,500 |
| Up to $10,000,000 | 2.5% flat | $250,000 |
What you’ll need
- Executed purchase contract with seller-financing terms
- A seller carry-back large enough to cover the required down payment plus closing costs
- A licensed NC closing attorney ready to record the second-position note immediately after closing
- Written confirmation from that attorney that the note will be recorded as agreed
No credit check, no income verification, no tax returns.
A typical Winston-Salem Stack scenario
A long-time owner of a paid-off Ardmore bungalow agrees to a subject-to/owner-finance deal: a $250,000 price with the seller carrying back a note that covers your $30,000 down payment and costs. Even so, the closing attorney still needs that cash in the trust account to fund. Stack wires the ~$30,000 to the NC closing attorney; the closing executes, the attorney records the seller’s carry-back in second position, and that note repays our funds plus the 2.5% fee ($750) — typically same-day. You acquire the home without bringing the down payment out of pocket, and the seller trades a lump sum for monthly income.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate with your NC closing attorney on the carry-back recording.
Frequently Asked Questions
Can a North Carolina closing attorney record the second note for a Winston-Salem Stack deal? +
Yes — and in North Carolina they must, because a licensed NC attorney supervises the closing and recording. For Stack, the attorney records the seller carry-back note in second position right after closing, and that recorded note repays our funds plus our flat 2.5% fee. Confirm with your Winston-Salem closing attorney that they'll record the second note exactly as structured before we fund; we ask for that written confirmation up front.
When does Stack beat Echo on a Winston-Salem deal? +
Use Stack when seller financing is part of the structure — a motivated Winston-Salem seller carrying back a note that covers the buyer's down payment. Use Echo when there's no carry-back and you're funding a down payment repaid from your assignment fee. Stack is common on subject-to and owner-finance deals across the Piedmont Triad's older mill-era housing, where long-tenured Ardmore and West End owners with paid-off equity often prefer payments over a lump-sum cash-out.
Do I need a special license for creative-finance Stack deals in Winston-Salem? +
No wholesaler or special license is required in North Carolina, but the closing must run through a licensed NC attorney who records the second note. We're a direct lender and underwrite the deal documents — the purchase contract with seller-financing terms and the carry-back amount — not your credit, income, or tax returns. The carry-back must be large enough to cover the down payment plus closing costs on the Winston-Salem deal.
Apply for Stack Funding in Winston-Salem, NC
Submit your application online — same-day decisions for complete files before 2 PM Eastern.