Stack Funding in Greensboro, NC | Swift Deal Funding
Stack Funding (Morby Method) in Greensboro, NC
Stack funding solves a specific gap: the seller’s carry-back note covers the buyer’s down payment on paper, but the closing attorney still needs actual funds in escrow to record. We supply that cash at the table. Once the carry-back is recorded as a second-position note, it repays our funds plus a flat 2.5% fee — typically the same day through the attorney.
Greensboro’s affordability and its deep stock of older homes make it fertile ground for seller financing. Long-tenured owners in former mill districts and historic neighborhoods like Aycock and Glenwood often hold significant equity with small payoffs, and many prefer steady payments to a lump-sum cash-out — the ideal setup for a carry-back. Typical Greensboro Stack amounts run $30,000–$90,000, with capacity up to $10M.
How a Stack deal closes in Greensboro (NC attorney-must-close)
North Carolina is a wet-funding, attorney-closing state, so a licensed NC attorney supervises the closing, disburses from the trust account, and handles recording. For Stack, that attorney 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 Greensboro closing attorney that they’ll record the second note exactly as structured.
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 licensed NC closing attorney ready to record the second-position note immediately after closing
- Written confirmation from that attorney that the note will be recorded as agreed
No credit check, no income verification, no tax returns.
A typical Greensboro Stack scenario
A retired owner of a paid-off bungalow near a former Cone Mills district agrees to owner-finance at $165,000 and carries back a note covering your $30,000 down payment and costs. Title still needs that cash in escrow to close. Stack wires the ~$30,000 to the NC closing attorney; the closing executes, the attorney records the seller’s carry-back in second position, and that note repays our funds plus the 2.5% fee ($750) — 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 NC closing attorney on the carry-back recording.
Frequently Asked Questions
Are there enough equity-rich sellers in Greensboro for Stack deals? +
Yes. Greensboro's long-settled, affordable neighborhoods — the older housing around Aycock, Glenwood, and former mill districts — include many long-tenured owners with substantial equity and modest payoffs, which is exactly the profile for a seller carry-back. When that carry-back covers the buyer's down payment, Stack supplies the cash the deal still needs at closing, and the NC attorney records the second note.
How does Stack settle through a Greensboro closing attorney? +
North Carolina requires a licensed NC attorney to supervise the closing and recording. For Stack, that Greensboro attorney 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 attorney's written confirmation they'll record the second note as structured before we fund.
Do I need a license for a creative-finance Stack deal in Greensboro? +
No special or wholesaler license is required in North Carolina, though the closing must run through a licensed NC attorney who records the second note. As a direct lender we underwrite the deal documents — the purchase contract with seller-financing terms and a carry-back covering the down payment plus costs — not your credit, income, or tax returns.
Apply for Stack Funding in Greensboro, NC
Submit your application online — same-day decisions for complete files before 2 PM Eastern.