Echo Funding in Sarasota, FL | Swift Deal Funding
Echo Funding in Sarasota, FL
Echo funding supplies the cash for your end buyer’s down payment at closing and is repaid directly from the seller-side proceeds — your assignment fee. For Sarasota wholesalers, that’s powerful on the area’s pricier inventory: Gulf-coast condos, retiree-owned homes in the affluent inland neighborhoods, and resale flips where the end buyer is qualified but tight on closing cash. Instead of fronting an entire purchase price, you only fund the down payment, and your assignment fee carries the repayment. Flat 2.5% fee, no upfront cost.
How Echo funding closes in Sarasota
Florida is a wet-funding, title-company closing state, so your Sarasota title agent handles disbursement — no separate attorney leg to schedule as in Georgia. We wire the down-payment funds to title ahead of closing. At the table, the deal closes, the seller’s proceeds are disbursed, and your assignment fee pays back our funded amount plus the 2.5% fee right off the settlement statement. Standard turnaround is about 48 hours from a complete file; same-day is possible for files submitted before 11 AM Eastern. The gating factor is simple: your assignment fee must exceed the funded down payment plus our fee, and title must be ready to disburse our repayment.
Pricing
Flat 2.5% of the funded amount. No application, origination, or upfront fees — collected through the settlement statement at close.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your fee
- An assignment fee large enough to cover the funded down payment plus the 2.5% fee
- A Sarasota title company ready to disburse with our Echo repayment included
No credit check, income verification, or tax returns. Local note: on condo and waterfront closings, insurance binders and condo recertification status can delay title’s disbursement schedule — confirm those are clear so Echo repayment isn’t held up.
A typical Sarasota Echo scenario
You assign a near-median $450,000 home to an end buyer for a $35,000 assignment fee. The buyer is qualified but short the $25,000 down payment. Echo funds the $25,000 to title before closing. At the table the deal closes, and from your $35,000 fee the title company repays us $25,000 plus a $625 fee (2.5%). You net about $9,375, the buyer brings far less cash, and none of your capital is tied up.
Apply
Upload your purchase contract and assignment showing the fee — we verify the fee covers the funded amount before approval.
Frequently Asked Questions
How does Echo repayment work at a Sarasota title company? +
Echo funds your end buyer's down payment, and we're repaid out of the seller-side proceeds — your assignment fee — at closing. Because Florida closes through a title company, your Sarasota title agent disburses both the seller's proceeds and our Echo repayment from the same settlement statement. There's no separate attorney leg to coordinate the way Georgia requires. The one hard rule: your assignment fee must be large enough to cover the funded down payment plus our flat 2.5%, and title must be ready to disburse our repayment at the table.
When does Echo beat a double close in Sarasota? +
Echo fits when your end buyer is short on down-payment cash but you're carrying a healthy assignment fee — common on Sarasota's higher-priced Gulf-coast and retiree-owned homes. Rather than fronting the full purchase like a double close, Echo only covers the buyer's down payment and is repaid from your fee. It's lighter and cheaper at a flat 2.5%. If the end buyer is paying all cash, or there's no real assignment fee to repay from, a double close usually fits better.
Do I need a license to use Echo funding in Sarasota? +
No. Florida does not require a wholesaler license to assign contracts, and Sarasota adds no local licensing rule. You should still disclose your assignment so the fee and our Echo repayment appear cleanly on the title company's settlement statement. We're a direct lender with no credit check, income verification, or tax returns — approval rests on your purchase contract, the assignment showing your fee, and title being ready to disburse. Confirm current Florida disclosure practices with your closing agent.
Apply for Echo Funding in Sarasota, FL
Submit your application online — same-day decisions for complete files before 2 PM Eastern.