Stack Funding in Seattle, WA | Swift Deal Funding
Stack (Morby Method) Funding in Seattle, WA
Stack funding provides the cash needed at the closing table when a seller carry-back note covers the buyer’s down payment but escrow still requires real funds to close. The recorded second-position note repays our funds plus a flat 2.5% fee — often the same business day. Seattle Stack deals run larger than most markets, typically $60,000–$200,000 funded, with capacity to $10,000,000 per transaction.
Stack suits Seattle’s creative-finance deals. With a median around $870,000, many longtime owners hold homes in Beacon Hill, Rainier Valley, and the south end with substantial equity, and a seller-carry structure can let them defer a large taxable gain rather than take a full cash payout. Subject-to and owner-finance structures show up here, and Stack covers the working capital escrow needs to record — with Washington’s dry-funding model setting the timing.
How a Stack deal closes in Seattle (dry-funding, record-first)
Washington is a dry-funding state, so escrow records before disbursing — nothing releases at signing. The sequence:
- The deal is structured with a seller carry-back covering down payment + closing costs.
- We wire the cash needed to close into escrow.
- The deal signs; escrow records the deed, then the carry-back note in second position with King County.
- Once recording confirms, escrow disburses and the recorded note repays our funds plus 2.5%.
The recorded second-position note is the repayment instrument, so recording is mandatory — and because Washington disburses post-recording, your escrow company’s King County recording cutoff determines whether it clears same day.
Pricing
Flat 2.5% of the funded amount, collected on the settlement statement. No upfront fees.
| Funded Amount | Fee |
|---|---|
| $50,000 | $1,250 |
| $100,000 | $2,500 |
| $500,000 | $12,500 |
| Up to $10,000,000 | $250,000 |
What you’ll need
- Executed purchase contract with seller-financing terms
- Seller carry-back ≥ required down payment + closing costs
- A Seattle escrow company prepared to record the second-position note immediately after closing
- Written confirmation from escrow that the note will be recorded as agreed
No credit check, income verification, or tax returns; no Washington wholesaler license required — disclose your equitable interest.
A typical Seattle Stack scenario
You structure an owner-finance deal on a Beacon Hill home where the seller carries a $110,000 note covering the down payment and costs, but escrow still needs $95,000 of real funds to close. We wire the $95,000 into your Seattle escrow company. The deal signs; escrow records the deed and your second-position carry-back note with King County. Once recording clears, escrow disburses and the recorded note repays our $95,000 plus the $2,375 fee — same business day when the file is in early.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate with your Seattle escrow company on the carry-back recording.
Frequently Asked Questions
How does Stack funding handle Washington's record-first rule in Seattle? +
Stack supplies the cash needed at closing when a seller carry-back covers the buyer's down payment but escrow still needs real funds to close. Washington is a dry-funding state, so the Seattle escrow company records before disbursing. We wire the closing cash; escrow records the deed and the second-position carry-back note with King County, then disburses. The recorded second note repays our funds plus the flat 2.5% — typically the same business day once recording confirms. Confirm the recording sequence with your escrow company.
Does the carry-back note have to be recorded for Stack in Seattle? +
Yes. The structure depends on the second-position carry-back note recording with the King County Recorder. In Washington's record-first model, escrow records the deed first, then the carry-back note in second position, then disburses. That recorded note is our repayment instrument, so your Seattle escrow company must confirm in writing they'll record it as agreed before we fund — that written confirmation is a core requirement of every Stack deal.
When is Stack the right call instead of Echo in Seattle? +
Use Stack when seller financing is built into the deal — a seller carrying a note rather than taking full cash, which appears in Seattle on long-held homes where owners have deep equity and want to spread out a taxable gain. The carry-back must cover the down payment plus closing costs. Use Echo when repayment comes from a sizable assignment fee with no seller note. Both front cash at the Seattle close; Stack is repaid by the recorded second note, Echo from seller proceeds.
Apply for Stack Funding in Seattle, WA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.