Echo Funding in Charlotte, NC | Swift Deal Funding
Echo Funding in Charlotte, NC
Echo funding (transactional down payment funding) puts up the cash an end buyer needs for their down payment at closing, then gets repaid from the seller-side proceeds — typically your assignment fee — at that same closing. It’s the tool for the Charlotte wholesaler whose end buyer is qualified but short on closing-day cash.
Charlotte’s banking-driven growth has pushed the median price toward ~$430K, and the spreads on inner-ring deals can be substantial. Neighborhoods like NoDa and Plaza Midwood, where artist lofts and bungalows have gentrified fast, often produce assignment fees big enough to absorb an Echo down payment with room to spare. Typical Charlotte Echo amounts run $30,000–$120,000, with capacity up to $10M. The fee is a flat 2.5%, no upfront cost.
How Echo closes in Charlotte (NC attorney-must-close)
North Carolina is a wet-funding, attorney-closing state — a licensed NC attorney must supervise the closing and disburse from the trust account. For Echo, that attorney disburses the end buyer’s down payment from our funds and then repays us from the seller-side proceeds (your assignment fee) on the settlement statement. We wire by 9 AM Eastern on closing day; standard turnaround is ~48 hours from a complete file. Have your Charlotte closing attorney confirm in writing that the Echo repayment line is on the statement, and verify their disbursement timing locally.
Pricing
Flat 2.5% of the funded amount. No application, origination, or upfront fees — collected on the closing statement.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your assignment fee
- An assignment fee large enough to cover the funded down payment plus the 2.5% fee
- A licensed NC closing attorney ready to disburse seller proceeds with Echo repayment included
- All parties aligned on the closing timeline
No credit check, no income verification, no tax returns.
A typical Charlotte Echo scenario
You assign a Plaza Midwood bungalow contract to an end buyer at a $275,000 price with a $32,000 assignment fee. The buyer is approved but needs $22,000 for the down payment they don’t have on hand. Echo funds the $22,000 to the NC closing attorney. At closing, the attorney disburses your $32,000 assignment fee, repays our $22,000 plus the 2.5% fee ($550), and you net roughly $9,450 — while the buyer closes on time and the deal doesn’t fall apart over closing-day liquidity.
Apply
Submit your purchase and assignment contracts online. We confirm the assignment fee covers the funded amount before approval. Standard turnaround ~48 hours.
Frequently Asked Questions
How does Echo repayment work through a North Carolina closing attorney? +
Echo funds the end buyer's down payment, and we're repaid from the seller-side proceeds — usually your assignment fee — at the same closing. Because North Carolina requires a licensed NC attorney to supervise the closing and disburse from the trust account, the attorney handles the disbursement that repays us. Your Charlotte closing attorney needs to confirm in writing that Echo repayment is built into the settlement statement before we fund.
Does my Charlotte assignment fee have to cover the Echo amount? +
Yes. Your assignment fee must be large enough to cover the funded down payment plus our flat 2.5% fee, because that fee is the source of repayment at the NC attorney's table. On a Charlotte deal with a healthy spread — common in tight inner-ring neighborhoods like Plaza Midwood — this is rarely an issue. We verify the assignment contract shows the fee before approving.
Is Echo a loan to me or to the end buyer in Charlotte? +
Echo is transactional funding for the end buyer's down payment, structured so it's repaid from seller proceeds at closing rather than billed to you afterward. We're a direct lender, so there's no credit check, income verification, or tax returns on either side. On Charlotte deals, everything settles through the required NC closing attorney; confirm the disbursement order with that firm.
Apply for Echo Funding in Charlotte, NC
Submit your application online — same-day decisions for complete files before 2 PM Eastern.