Stack Funding in Toledo, OH | Swift Deal Funding
Stack Funding in Toledo, OH
Stack funding — built on the Morby Method — supplies the cash a Toledo 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 complete. 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 Toledo, where long-tenured owners of low-priced, often paid-off homes — historic Old West End properties, tired South Toledo and Point Place rentals — frequently prefer steady payments over a small cash payout. Capacity runs up to $10 million per transaction.
How Stack funding closes in Toledo
Ohio is a wet-funding, title-company closing state — the title and escrow office conducts the closing and records the seller-carry second-position note, with no attorney required. 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 escrow. Standard turnaround is about 48 hours from a complete file. 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 |
|---|---|
| $15,000 | $375 |
| $35,000 | $875 |
| 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 Lucas County 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 Toledo Stack scenario
A long-time owner of a paid-off $90,000 home in the Old West End agrees to a subject-to/seller-carry deal, preferring monthly income to a modest cash-out. The carry-back covers the $15,000 the buyer would otherwise bring as a down payment, but the closing needs that cash present to fund. We wire $15,000 on closing day; the Lucas County title company closes the deal, records the second note, and it repays us $15,000 plus a $375 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 Lucas County title company.
Frequently Asked Questions
Who records the second note on a Toledo Stack deal? +
Your Lucas County title and escrow company records the seller-carry second-position note. Ohio is a title-company closing state, so the title office both conducts the closing and records the instrument — no attorney required. We provide the cash needed at the table on closing day, and the recorded second note repays our funds plus a flat 2.5%, often same-day through escrow. Confirm in writing that the title office will record the note in second position exactly as agreed before you schedule the closing.
What Toledo 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 Toledo that often appears with long-time owners of inherited or paid-off homes — historic Old West End properties, tired South Toledo rentals — who'd rather collect payments than take a small cash payout on a low-priced sale. If there's a large assignment fee instead, Echo is usually the better tool. We never pull credit, income, or tax records.
How is Stack different from a double close in Toledo? +
A double close has us fund the full A-to-B purchase, repaid from the end buyer's proceeds at the same closing — ideal for protecting the very wide percentage spreads common on discounted Toledo flips. 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 close at a Lucas County title company under Ohio wet-funding rules, but Stack hinges on the seller-financing terms and the title office recording the note immediately after closing.
Apply for Stack Funding in Toledo, OH
Submit your application online — same-day decisions for complete files before 2 PM Eastern.