Stack Funding in Des Moines, IA | Swift Deal Funding
Stack Funding in Des Moines, IA
Stack funding — built on the Morby Method — supplies the cash a Des Moines closing needs at the table when a seller carry-back note covers the buyer’s down payment but the closing still requires real funds to fund. The recorded seller-carry note then repays our funds plus a flat 2.5%, often same-day. It’s the right tool for creative-finance and subject-to deals across Des Moines’s older neighborhoods — Drake, Highland Park, the East Side, and Beaverdale — where long-time owners of paid-off early-1900s homes prefer payments over a full cash payout. Capacity runs up to $10 million per transaction.
How Stack funding closes in Des Moines
Iowa is a wet-funding state, and closings run through a title/closing company using an abstract of title plus an Iowa Title Guaranty certificate rather than standard title insurance. The seller agrees to a carry-back covering the down payment and costs. On closing day we wire the cash needed at the table; the closing company closes the deal, records the note in second position with the county recorder, and that note repays our funds plus 2.5% — typically same-day through the company’s escrow. Standard turnaround is about 48 hours from a complete file. Make sure the abstract continuation is done, and confirm in writing that the closing company will record the note as agreed.
Pricing
Flat 2.5% of the funded amount, collected through the settlement statement. No upfront fees.
| Funded amount | Fee |
|---|---|
| $40,000 | $1,000 |
| $90,000 | $2,250 |
| Up to $10,000,000 | 2.5% flat |
What you’ll need
- Executed purchase contract with seller-financing terms
- A carry-back amount that covers the required down payment plus closing costs
- A Des Moines-area closing company ready to record the second-position note immediately after closing, with the abstract current
- Written confirmation from the closing company that the note will be recorded as agreed
No credit check, income verification, or tax returns.
A typical Des Moines Stack scenario
A long-time owner of a $220,000 Beaverdale home agrees to a subject-to/seller-carry deal. The carry-back covers the $22,000 the buyer would otherwise bring as a down payment, but the closing needs that cash present to fund. We wire $22,000 on closing day; the Des Moines closing company closes the deal, records the second note, and it repays us $22,000 plus a $550 fee (2.5%) — typically same-day. The seller collects payments, the buyer needed little cash, and you keep the spread.
Apply
Send your purchase contract and seller-financing terms online — we coordinate the carry-back recording directly with your Des Moines closing company.
Frequently Asked Questions
Who records the second note on a Des Moines Stack deal? +
The Des Moines title/closing company handling your closing records the seller-carry second-position note with the county recorder. Iowa is a wet-funding state where closings run through a closing company using an abstract of title and Iowa Title Guaranty. We provide the cash the closing needs at the table, and the recorded second note repays our funds plus a flat 2.5%, often same-day through the closing company's escrow. Confirm in writing that the closing company will record the note exactly as agreed before scheduling.
What Des Moines deals fit Stack funding? +
Stack fits creative-finance structures where a motivated seller carries back a note covering the buyer's down payment, but the closing still needs real funds at the table. In Des Moines that's common on subject-to deals in Drake, Highland Park, and the East Side, where long-time owners of paid-off early-1900s homes prefer steady payments to a full cash-out. If there's a large assignment fee instead of seller financing, Echo is usually the better tool for the deal.
How is Stack different from a double close in Des Moines? +
A double close has us fund the full A-B purchase, repaid from the end buyer's proceeds at the same closing. Stack is for seller-financed deals: the carry-back covers the down payment, we supply only the cash the closing needs, and a recorded second-position note repays us afterward. Both run through a Des Moines closing company, but Stack hinges on the seller-financing terms, the abstract being current, and the company being ready to record the second note right after closing.
Apply for Stack Funding in Des Moines, IA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.