Stack Funding in Grand Rapids, MI | Swift Deal Funding
Stack Funding (Morby Method) in Grand Rapids, MI
Stack funding provides the cash a deal needs at the closing table when a seller carry-back note covers the buyer’s down payment — but title still requires real money in escrow to close. We wire that cash; the recorded seller-carry second-position note repays us plus a flat 2.5% fee, often the same day through the title company.
Grand Rapids’ steady appreciation (median ~$320K) means many longtime West Michigan owners — across Creston, Eastown, and the older Wyoming and Kentwood blocks — are sitting on real equity, and some prefer carrying a note over a full cash-out, especially on inherited or long-held property. That’s the setup for subject-to and owner-finance deals where Stack supplies the closing-table cash. The local wrinkle is title: tax-foreclosure inventory can carry a six-month redemption context, so allow lead time. Typical Grand Rapids Stack amounts run $30,000–$110,000, with capacity up to $10M.
How a Stack deal closes in Grand Rapids
Michigan is a wet-funding state that closes through title and escrow companies, not attorneys, and those offices handle recording. For Stack, the title company records the seller carry-back note in second position immediately after closing; the recorded note then repays our funds plus the 2.5% fee — typically same-day. We wire by 9 AM Eastern; standard turnaround is ~48 hours from a complete file. Confirm with your Grand Rapids title company that they’ll record the second note as structured, and clear any tax-foreclosure redemption question before recording.
Pricing
Flat 2.5% of funded amount, no upfront fees, collected on the closing statement:
| Funded Amount | Fee | Example |
|---|---|---|
| $50,000 | 2.5% flat | $1,250 |
| $100,000 | 2.5% flat | $2,500 |
| $500,000 | 2.5% flat | $12,500 |
| Up to $10,000,000 | 2.5% flat | $250,000 |
What you’ll need
- Executed purchase contract with seller-financing terms
- A seller carry-back large enough to cover the required down payment plus closing costs
- A Grand Rapids title company ready to record the second-position note immediately after closing
- Written confirmation from that title company that the note will be recorded as agreed
No credit check, no income verification, no tax returns.
A typical Grand Rapids Stack scenario
An owner who inherited a paid-off Creston bungalow agrees to owner-finance at $300,000 and carries back a note covering your $45,000 down payment and costs. Title still needs that cash in escrow to close. Stack wires the ~$45,000 to the Grand Rapids title company; once title is confirmed clear of any redemption claim, the closing executes, the office records the seller’s carry-back in second position, and that note repays our funds plus the 2.5% fee ($1,125) — typically same-day. You acquire the property without bringing the down payment out of pocket.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate with your Grand Rapids title company on the carry-back recording.
Frequently Asked Questions
Will a Grand Rapids title company record the seller carry-back note for my Stack deal? +
Yes — Michigan closes through title and escrow companies, so the title office handles the closing and the recording. For Stack, that Grand Rapids title company records the seller's carry-back note in second position right after closing, and the recorded note repays our funds plus the flat 2.5% fee — typically same-day. We need the title company's written confirmation they'll record the second note as structured before we fund. Michigan requires no wholesaler license.
Why use Stack instead of Echo on a Grand Rapids deal? +
Use Stack when seller financing is part of the structure — a Grand Rapids seller carrying back a note that covers the buyer's down payment. Echo, by contrast, funds a down payment repaid from your assignment fee with no carry-back. In an appreciating West Michigan market, longtime owners of paid-off bungalows in Creston or Eastown are sometimes open to carrying paper, which is exactly when Stack fits subject-to and owner-finance deals.
Do tax-foreclosure issues affect a Grand Rapids Stack closing? +
They can affect title timing. A property recently through tax foreclosure may sit inside a six-month redemption window, which the title company needs to clear before recording. The funding mechanics don't change — we wire the cash needed at the table and the title office records the second note — but allow time for redemption and title items to clear before recording. Confirm the recording and timeline with your Grand Rapids title company.
Apply for Stack Funding in Grand Rapids, MI
Submit your application online — same-day decisions for complete files before 2 PM Eastern.