Stack Funding in Raleigh, NC | Swift Deal Funding
Stack Funding (Morby Method) in Raleigh, NC
When a Raleigh seller agrees to carry back a note that covers the buyer’s down payment, the deal still needs real money in escrow before title will close. Stack funding wires exactly that closing-table cash. The seller’s carry-back note is then recorded in second position and repays our funds plus a flat 2.5% fee — often the same day through the closing attorney.
Raleigh’s market isn’t only Triangle tech buyers — it also has a solid base of long-tenured owners in Southeast Raleigh and the older inner neighborhoods who hold meaningful equity and are open to carrying a note rather than cashing out. Those situations are where Stack fits subject-to and owner-finance structures. Typical Raleigh Stack amounts run $30,000–$100,000, with capacity up to $10M.
How a Stack deal closes in Raleigh (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 Raleigh 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 Raleigh Stack scenario
A longtime owner of a Southeast Raleigh rental, sitting on years of appreciation, agrees to an owner-finance deal at $280,000 and carries back a note covering your $42,000 down payment and costs. Title still needs that cash in escrow to close. Stack wires the ~$42,000 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 ($1,050) — 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
Will my Raleigh closing attorney record the seller carry-back note for a Stack deal? +
Yes, and in North Carolina they must — a licensed NC attorney supervises the closing and recording. For Stack, the attorney records the seller's carry-back note in second position right after closing, and that recorded note repays our funds plus our flat 2.5% fee. We ask your Raleigh closing attorney for written confirmation they'll record the second note as structured before we fund the cash needed at the table.
Is creative finance common enough in the Triangle to use Stack? +
It is. Alongside Raleigh's tech-driven retail market, there's a steady base of long-tenured owners around Southeast Raleigh and the older inner neighborhoods who hold equity and prefer payments to a full cash-out — ideal for seller carry-backs. Stack covers the cash a deal needs at closing when that carry-back funds the buyer's down payment, with the NC attorney recording the second note.
Do I need a special license for a Stack deal in Raleigh? +
No wholesaler or special 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 large enough to cover the down payment plus costs — not your credit, income, or tax returns.
Apply for Stack Funding in Raleigh, NC
Submit your application online — same-day decisions for complete files before 2 PM Eastern.