Stack Funding in Richmond, VA | Swift Deal Funding
Stack Funding in Richmond, VA
Stack (the Morby Method) supplies the cash a Richmond deal needs at the settlement table when a seller carry-back covers the buyer’s down payment but the settlement agent still requires real funds in escrow to close. Swift Deal Funding wires that cash as a direct lender; a recorded second-position note repays us plus a flat 2.5% — often the same day. With Richmond homes near $340,000 and a deep base of high-equity owners in historic neighborhoods, Stack commonly funds $25,000–$70,000 of down-payment-and-costs gap on seller-finance deals, with capacity to $10M.
No credit check, no income verification, no tax returns.
How Stack closes in Richmond
Virginia is a wet-funding, CRESPA settlement-agent state, so a licensed settlement agent — title company or attorney — handles closing and money must be in escrow before it. On a Stack deal the seller agrees to carry a note covering the buyer’s down payment and costs; we wire the cash the table requires on closing day; the settlement agent disburses to the seller and records our second-position note; and that recorded note repays our advance plus 2.5%, typically same-day.
Richmond’s seller-finance opportunities cluster among long-tenure owners of paid-off rowhomes in the Fan District and Church Hill and owners of long-held Manchester or Southside parcels — people with equity who may prefer carrying paper to a full cash payout. The local caveat is title, not zoning: historic-district review governs renovations after closing and doesn’t touch Stack’s mechanics, but older parcels deserve an early title commitment to clear easements and dated chains before recording. Confirm specifics with a local Virginia settlement agent.
Pricing
Flat 2.5% of the funded amount. No upfront fees. Collected through settlement.
| Funded Amount | Fee |
|---|---|
| $50,000 | $1,250 |
| $100,000 | $2,500 |
| $500,000 | $12,500 |
What you’ll need
- Executed purchase contract with seller-financing terms
- Seller carry-back large enough to cover the down payment plus closing costs
- Settlement agent prepared to record the second-position note immediately after closing
Richmond note: open title early on older Fan/Church Hill parcels and confirm the recording plan with your settlement agent.
A typical Richmond Stack scenario
A long-tenure owner of a paid-off Fan District rowhome agrees to seller-finance the sale at $345,000 and carry a note covering the $60,000 down payment plus closing costs. The settlement agent still needs that cash in escrow to close. Stack wires the $60,000; the agent disburses, records our second-position note, and repays our $60,000 plus the $1,500 fee from the structure — typically same-day. You acquire with little of your own cash in the deal.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate directly with your Virginia settlement agent on the carry-back recording.
Frequently Asked Questions
Can I record a seller-carry second note in Richmond? +
Yes. Virginia is a wet-funding, CRESPA settlement-agent state, so a licensed settlement agent — title company or attorney — records the second-position note as part of closing. Stack works when the seller's carry-back covers the buyer's down payment but title still needs real funds in escrow to close. We supply that cash; the recorded second note repays us plus a flat 2.5%, often same-day. Confirm the settlement agent will record as agreed before scheduling.
What kinds of Richmond sellers carry back a note for Stack? +
Often long-tenure owners of paid-off Fan District or Church Hill rowhomes who'd rather carry paper than take a full cash payout, plus owners of long-held Manchester or Southside parcels open to financing. With Richmond values near $340,000 and a deep base of high-equity historic-neighborhood owners, seller-carry structures come up regularly. The carry-back has to cover the down payment plus closing costs for Stack to fit, and we coordinate the recording with your settlement agent.
Do historic-district rules complicate a Stack closing in Richmond? +
Not the funding or the recording. Old and Historic District review governs exterior renovations, which is a post-closing concern for whoever rehabs the property — it doesn't affect Stack's closing-table cash or the second-note recording. What can matter is title on older Fan and Church Hill parcels, so open the commitment early. Once title is ready to disburse and record, our advance plus 2.5% repays from the recorded note, typically same-day.
Apply for Stack Funding in Richmond, VA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.