Echo Funding in Tampa, FL | Swift Deal Funding
Echo funding in Tampa, FL
Echo funding provides the cash for an end buyer’s down payment at closing, repaid directly from the seller’s proceeds — typically your assignment fee. You front no working capital and pay a flat 2.5% of the funded amount at the table.
In a fast-growing market like Tampa, where steady migration keeps buyer demand high but financed buyers can be cash-tight, Echo lets you keep a deal together without committing your own money. Funded down payments here commonly run $20,000 to $80,000, with capacity to $10 million per transaction.
How Echo closes in Tampa, FL
Florida is a wet-funding, title-company state, so disbursement happens at the closing table once documents are signed. The Tampa title agent disburses seller proceeds with our Echo repayment built into the statement before releasing your net. An attorney is optional. We coordinate the repayment line directly with title.
The Tampa caveat is timing on water-adjacent properties: flood-zone homes near the Hillsborough River or the bay may need an insurance binder before a lender funds, which moves the closing date. That doesn’t change how Echo is repaid — only when the table is ready. Confirm the disbursement order and refundable-deposit handling with your Tampa title company.
Pricing
Flat 2.5% of the funded amount. No application, origination or upfront fees — collected through the closing statement.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your assignment fee
- Assignment fee at least equal to the funded down payment plus 2.5%
- A Tampa title company ready to disburse seller proceeds with Echo repayment included
No credit, income, or tax checks. Tampa note: confirm the assignment fee clears the funded amount with room for the 2.5%.
A typical Tampa Echo scenario
A wholesaler has a 2/1 in Sulphur Springs under contract and assigns it at a $260,000 purchase price with a $28,000 assignment fee. The financed end buyer is short on the $18,000 down payment. Echo funds the $18,000 to the table; at closing, title disburses seller proceeds and repays us $18,450 ($18,000 + 2.5%) from the assignment fee. The wholesaler nets $9,550 with no cash out of pocket, and the buyer closes.
Apply
Submit your purchase contract and assignment contract online. We verify the assignment fee covers the funded amount before approval. Standard turnaround ~48 hours.
Frequently Asked Questions
How does Echo help on a Tampa assignment deal? +
Echo funds the end buyer's down payment and is repaid from the seller's proceeds — usually your assignment fee — at closing. In Tampa's fast-moving market, that lets you keep a financed or lightly-capitalized end buyer in the deal without parking your own cash. The one rule: your assignment fee must equal at least the funded amount plus our flat 2.5%. Title disburses our repayment from seller proceeds before your net is released.
Does flood insurance affect an Echo closing in Tampa? +
It can affect the closing date, not the Echo repayment. If the property sits in a Tampa flood zone, a financed end buyer may need a flood-insurance binder before the lender will fund — which moves the table. Echo is still repaid from your assignment fee whenever that table is ready. Plan flood diligence early so the down-payment timing lines up with the buyer's loan.
Echo or Stack for a Tampa deal? +
Use Echo when the deal is a straight assignment with a solid fee and the seller is being cashed out — repayment comes from seller proceeds at closing. Use Stack when the seller is carrying financing and a recorded second-position note repays us. Many Tampa wholesale assignments in Seminole Heights and Ybor fit Echo; seller-carry and subject-to deals lean Stack.
Apply for Echo Funding in Tampa, FL
Submit your application online — same-day decisions for complete files before 2 PM Eastern.