Stack Funding in Saint Paul, MN | Swift Deal Funding
Stack Funding in Saint Paul, MN
Stack funding — built on the Morby Method — supplies the cash a Saint Paul closing needs at the table when a seller carry-back note covers the buyer’s down payment but the closing still requires real funds to fund. The recorded seller-carry note then repays our funds plus a flat 2.5%, often same-day. It’s the right tool for creative-finance and subject-to deals across the capital city’s older neighborhoods — Frogtown, Dayton’s Bluff, the North End, and Payne-Phalen — where long-time owners of paid-off Victorian and frame homes prefer payments over a full cash payout. Capacity runs up to $10 million per transaction.
How Stack funding closes in Saint Paul
Minnesota is a wet-funding title and escrow state: a Saint Paul title company conducts the closing and records the seller-carry second-position note with the county. The seller agrees to a carry-back covering the down payment and costs. On closing day we wire the cash needed at the table; the title company closes the deal, records the note in second position, and that note repays our funds plus 2.5% — typically same-day through the title company’s escrow. Standard turnaround is about 48 hours from a complete file. Make sure the seller’s Truth-in-Sale-of-Housing evaluation is current before marketing, and confirm in writing that the title office will record the note as agreed.
Pricing
Flat 2.5% of the funded amount, collected through the settlement statement. No upfront fees.
| Funded amount | Fee |
|---|---|
| $40,000 | $1,000 |
| $90,000 | $2,250 |
| Up to $10,000,000 | 2.5% flat |
What you’ll need
- Executed purchase contract with seller-financing terms
- A carry-back amount that covers the required down payment plus closing costs
- A Saint Paul-area title company ready to record the second-position note immediately after closing
- Written confirmation from the title office that the note will be recorded as agreed
No credit check, income verification, or tax returns.
A typical Saint Paul Stack scenario
A long-time owner of a $300,000 Dayton’s Bluff Victorian agrees to a subject-to/seller-carry deal. The carry-back covers the $30,000 the buyer would otherwise bring as a down payment, but the closing needs that cash present to fund. We wire $30,000 on closing day; the Saint Paul title company closes the deal, records the second note, and it repays us $30,000 plus a $750 fee (2.5%) — typically same-day. The seller collects payments, the buyer needed little cash, and you keep the spread.
Apply
Send your purchase contract and seller-financing terms online — we coordinate the carry-back recording directly with your Saint Paul title company.
Frequently Asked Questions
Who records the second note on a Saint Paul Stack deal? +
The Saint Paul title company handling your closing records the seller-carry second-position note with the county. Minnesota is a title and escrow state, so the title office conducts the closing and records the instrument — there's no separate attorney requirement. We provide the cash the closing needs at the table, and the recorded second note repays our funds plus a flat 2.5%, often same-day through the title company's escrow. Confirm in writing that the title office will record the note exactly as agreed before scheduling.
What Saint Paul deals fit Stack funding? +
Stack fits creative-finance structures where a motivated seller carries back a note covering the buyer's down payment, but the closing still needs real funds at the table. In Saint Paul that's common on subject-to deals in Frogtown, Dayton's Bluff, and the North End, where long-time owners of paid-off Victorian and frame homes prefer steady payments to a full cash-out. If there's a large assignment fee instead of seller financing, Echo is usually the better tool for the deal.
How is Stack different from a double close in Saint Paul? +
A double close has us fund the full A-B purchase, repaid from the end buyer's proceeds at the same closing. Stack is for seller-financed deals: the carry-back covers the down payment, we supply only the cash the closing needs, and a recorded second-position note repays us afterward. Both run through a Saint Paul title company, but Stack hinges on the seller-financing terms and the title office being ready to record the second note right after closing. The seller's Truth-in-Sale-of-Housing report should be current before marketing.
Apply for Stack Funding in Saint Paul, MN
Submit your application online — same-day decisions for complete files before 2 PM Eastern.