Stack Funding in South Dakota | Swift Deal Funding
Stack (Morby Method) Funding in South Dakota
Stack funding provides the cash you need at the closing table on a creative-finance deal where a seller carry-back covers the buyer’s down payment, but title still requires real funds to close. Swift Deal Funding is a direct lender: we wire the cash for closing, and a recorded second-position note repays us plus a flat 2.5% — typically the same day through your closing attorney.
South Dakota is a smaller market centered on Sioux Falls and Rapid City, and creative-finance deals are less frequent here than in big metros. When one does come together, Stack funds it the same way it would anywhere. Stack deals here commonly fund $40,000 to $110,000, with capacity up to $10 million per transaction. We never pull credit, verify income, or ask for tax returns.
How Stack funding closes in South Dakota
South Dakota is an attorney-closing state, so the closing attorney disburses and records the seller-carry note directly. It is also a wet-funding state, so funds must be in trust before disbursement. Here is the sequence:
- The deal is structured with a seller carry-back covering the down payment plus closing costs.
- We wire the cash needed at the table into the attorney’s trust account before closing.
- The attorney disburses the seller’s proceeds and records the seller-carry note in second position.
- That recorded second note repays our funded cash plus the flat 2.5%, typically same-day.
The seller carry-back has to be at least the down payment plus closing costs. Confirm your attorney handles creative-finance recordings before structuring the deal.
Pricing
Flat 2.5% of the funded amount, collected through the closing statement. No upfront fee:
| Funded Amount | Fee | Example |
|---|---|---|
| $50,000 | 2.5% | $1,250 |
| $75,000 | 2.5% | $1,875 |
| $110,000 | 2.5% | $2,750 |
| Up to $10,000,000 | 2.5% | $250,000 |
What you’ll need
- Executed purchase contract with seller-financing terms
- A seller carry-back at least equal to the required down payment plus closing costs
- A South Dakota closing attorney prepared to record the seller-carry second note right after closing
- Written confirmation from the attorney that the note will be recorded as agreed
No credit check, no income docs, no tax returns.
A typical South Dakota Stack scenario
A Sioux Falls investor structures a subject-to purchase where the seller carries back $45,000, covering the down payment and closing costs. Title still needs $40,000 in real funds at the table. We wire the $40,000 to the attorney’s trust account. The attorney disburses, records the seller-carry note in second position, and that note repays us $40,000 plus the 2.5% fee ($1,000) the same day. The investor takes the property with minimal cash committed.
Apply
Upload your purchase contract and seller-financing terms online. We coordinate directly with your closing attorney on the carry-back recording. Standard turnaround is about 48 hours to wire-ready.
Frequently Asked Questions
South Dakota uses closing attorneys — who records the Stack second note? +
The closing attorney does. South Dakota is an attorney-closing state, so rather than an escrow-only title company, your closing attorney disburses the seller's proceeds and records the seller-carry note in second position. That note then repays our funded cash plus the flat 2.5%. Because the attorney controls disbursement and recording directly, the sequence is clean. Confirm your attorney is comfortable with subject-to and seller-finance recordings before you structure the deal.
Is there enough creative-finance activity in South Dakota for Stack? +
Creative finance is less common in South Dakota's smaller Sioux Falls and Rapid City markets than in big metros, but it does happen — and Stack works the same way regardless of volume. We fund individual deals with no minimum size or monthly volume. If you have a seller-finance or subject-to deal where the carry-back covers the down payment but title still needs cash at the table, Stack provides it and the recorded second note repays us.
How does South Dakota's wet-funding rule affect a Stack closing? +
South Dakota is a wet-funding state, so funds must be in the attorney's trust account before disbursement. We wire the closing cash ahead of time, the attorney disburses and records the seller-carry second note, and that note repays us plus the flat 2.5% — typically the same day. With a complete file, standard turnaround is about 48 hours to wire-ready, and same-day funding is available for documents in before 11 AM Eastern.
Apply for Stack Funding in South Dakota
Submit your application online — same-day decisions for complete files before 2 PM Eastern.