Echo Funding in Cincinnati, OH | Swift Deal Funding
Echo Funding in Cincinnati, OH
Echo funding fronts the cash for your end buyer’s down payment at closing, then gets repaid straight from the seller’s proceeds — in a wholesale deal, that’s your assignment fee. Swift Deal Funding is a direct lender: flat 2.5% fee, no upfront cost, no credit check, no income or tax docs, available in all 50 states. It’s the product for when your Cincinnati buyer is short on closing cash but your spread is healthy enough to carry them.
Cincinnati’s median around $250K and its block-by-block comp swings — from restored OTR condos to Westwood singles — produce assignment fees that are often plenty large to absorb an Echo-funded down payment. That’s what makes Echo work here.
How Echo Closes in Cincinnati
Ohio is a title/escrow, wet-funding state with no attorney mandate, so a Hamilton County title company runs the disbursement. We send the end buyer’s down payment into escrow; at closing, title pays us back our funded amount plus the 2.5% fee out of the seller proceeds before releasing your net assignment fee. The end buyer brings less cash; you still net your spread minus our fee.
Confirm with your Cincinnati closer that they can add the Echo payoff as a line item on the disbursement sheet.
Pricing
Flat 2.5% of the funded down payment. No application or origination fees, collected on the closing statement.
| Funded Down Payment | Echo Fee (2.5%) |
|---|---|
| $20,000 | $500 |
| $40,000 | $1,000 |
| $80,000 | $2,000 |
What You’ll Need
- Executed purchase contract
- Executed assignment contract showing your assignment fee
- Assignment fee ≥ funded down payment + 2.5%
- Title company ready to disburse with the Echo repayment included
Local note: Ohio’s distressed and vacant inventory in neighborhoods like Price Hill can mean thinner spreads — we check that your fee clears the funded amount before approving.
A Typical Cincinnati Echo Scenario
A wholesaler in Over-the-Rhine assigns a renovated four-unit to a local landlord at a purchase price of $290,000, with a $32,000 assignment fee. The end buyer is $25,000 short on down payment. Echo funds the $25K; our fee is $625. At the closing table, title repays us $25,625 from the seller proceeds, the buyer gets to the table with less cash, and the wholesaler nets $6,375 on the deal. Without Echo, the buyer might have walked.
Apply
Submit your purchase and assignment contracts online. We confirm your fee covers the funded amount before approval. Standard turnaround ~48 hours.
Frequently Asked Questions
How does Echo funding get repaid on a Cincinnati deal? +
Echo funds your end buyer's down payment, and we're repaid directly from the seller's proceeds at closing — in a Cincinnati wholesale deal, that's your assignment fee. The Hamilton County title company disburses our funded amount plus the flat 2.5% to us before your net assignment fee is released. Because Ohio is a wet-funding, title/escrow state, the disbursement happens at the same table the deal closes on. Confirm your closer can structure the payoff line item.
Is my assignment fee on a Cincinnati deal usually large enough for Echo? +
It depends on the spread. Echo requires the assignment fee to cover the funded down payment plus our 2.5% fee. With Cincinnati's median near $250K, OTR and Walnut Hills flips often carry assignment fees of $25K–$40K, which comfortably covers a $20K down payment plus the 2.5%. Thinner Price Hill or Westwood wholesale deals may not — we verify the math before approval so there's no surprise at the table.
Do I need an end buyer lined up before applying for Echo in Cincinnati? +
Yes. Echo solves a specific problem — your end buyer is short on down-payment cash — so we need the executed purchase contract and an assignment contract showing your fee. We're not funding your earnest money or your A-to-B leg; we're funding the buyer's down payment, repaid from your fee. If you don't yet have an end buyer, EMD funding is the better fit for locking up the Cincinnati property first.
Apply for Echo Funding in Cincinnati, OH
Submit your application online — same-day decisions for complete files before 2 PM Eastern.