Stack Funding in New Mexico | Swift Deal Funding
Stack Funding in New Mexico
Stack funding — built around the Morby Method — supplies the cash a deal needs at the closing table when a seller carry-back covers the buyer’s down payment but title still requires real money in escrow to close. For New Mexico creative-finance investors, that’s the gap between a clever structure on paper and a deal that actually funds. A recorded second-position note repays our advance plus a flat 2.5% fee. Funded amounts here typically run $20,000–$70,000, with capacity up to $10 million. As a direct lender we don’t check credit, income, or tax returns.
How a Stack deal closes in New Mexico
New Mexico is a dry-funding state, and Stack involves a recorded second note, so sequencing is everything. The deal is structured with the seller carrying back enough to cover the down payment and closing costs. We position our cash before closing. At the signing, the deed and the carry-back note are executed and submitted for recording. Because New Mexico funds dry, the title company holds disbursement until recording clears — both the deed and the second-position note. Once recorded, the title office disburses: proceeds go to the seller, and the recorded 2nd note repays our funds plus the 2.5% fee. New Mexico closes through title/escrow companies rather than attorneys, so the recording and disbursement instructions run through your title office. Confirm with them that the carry-back will record in second position as agreed before you schedule.
Pricing
Flat 2.5% of the funded amount. Nothing upfront — collected through the closing statement.
| Funded Amount | Fee |
|---|---|
| $50,000 | $1,250 |
| $100,000 | $2,500 |
| $250,000 | $6,250 |
| Up to $10,000,000 | 2.5% flat |
What you’ll need
- Executed purchase contract with seller-financing terms
- Carry-back amount ≥ required down payment + closing costs
- Title company ready to record the seller-carry note in second position
- Written confirmation from title that the note will record as agreed
A typical New Mexico Stack scenario
An investor negotiates a subject-to deal on a Rio Rancho rental: the seller carries back $45,000 covering the down payment and costs, with the existing loan staying in place. Title needs that $45,000 in escrow to close, so we provide it. The deal signs, the deed and the second-position note record per New Mexico’s dry-funding rule, and at disbursement the recorded note repays our $45,000 plus the 2.5% fee ($1,125). The investor acquires a cash-flowing rental with none of his own money in the down payment.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate directly with your title company on the carry-back recording.
Frequently Asked Questions
How does Stack funding handle New Mexico's dry-funding rule? +
Stack provides cash at the closing table when a seller carry-back covers the buyer's down payment but title still needs real funds to close. In New Mexico, a dry-funding state, the title company won't disburse until documents are signed and recorded — including the second-position carry-back note. We position our cash before closing; the deal signs, the deed and the 2nd note record, and at disbursement the recorded note repays our advance plus the flat 2.5% fee. Confirm the recording sequence with your title company.
What kind of seller financing does Stack funding need in New Mexico? +
A purchase contract with seller-financing terms where the carry-back amount is at least as large as the required down payment plus closing costs. The seller agrees to carry a note rather than take an immediate full cash payout, and that note records in second position behind the new first lien. Common on New Mexico subject-to and owner-finance deals where a seller has equity but wants ongoing payments.
What does Stack funding cost in New Mexico? +
A flat 2.5% of the funded amount — no upfront fees, no application cost. It's collected through the closing statement and repaid by the recorded second-position note. On a $50,000 Stack funding the fee is $1,250; on $100,000 it's $2,500. New Mexico's dry-funding sequence means repayment follows recording, but the pricing is the same nationwide.
Apply for Stack Funding in New Mexico
Submit your application online — same-day decisions for complete files before 2 PM Eastern.