Stack Funding in Virginia Beach, VA | Swift Deal Funding
Stack Funding in Virginia Beach, VA
Stack funding — built on the Morby Method — supplies the cash a Virginia Beach 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 in this Navy market — across Kempsville, Bayside, the Oceanfront, and the Princess Anne corridor — where relocating, equity-rich sellers often prefer payments over a full cash payout. Capacity runs up to $10 million per transaction.
How Stack funding closes in Virginia Beach
Virginia is a wet-funding state operating under CRESPA, so a registered title/settlement company or a licensed attorney conducts the closing and records the seller-carry second-position note with the Circuit Court clerk. 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 settlement agent closes the deal, records the note in second position, and that note repays our funds plus 2.5% — typically same-day through the settlement agent’s escrow. Standard turnaround is about 48 hours from a complete file. On coastal properties, factor flood insurance into the buyer’s payment, and confirm in writing that the settlement agent 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 Virginia Beach CRESPA settlement agent ready to record the second-position note immediately after closing
- Written confirmation from the settlement agent that the note will be recorded as agreed
No credit check, income verification, or tax returns.
A typical Virginia Beach Stack scenario
A relocating Navy owner of a $370,000 Kempsville home agrees to a subject-to/seller-carry deal. The carry-back covers the $37,000 the buyer would otherwise bring as a down payment, but the closing needs that cash present to fund. We wire $37,000 on closing day; the CRESPA settlement agent closes the deal, records the second note, and it repays us $37,000 plus a $925 fee (2.5%) — typically same-day. The seller collects payments while stationed elsewhere, 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 Virginia Beach settlement agent.
Frequently Asked Questions
Who records the second note on a Virginia Beach Stack deal? +
The CRESPA settlement agent handling your closing — a registered title/settlement company or a licensed attorney — records the seller-carry second-position note with the Virginia Beach Circuit Court clerk. 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 settlement agent's escrow. Confirm in writing that your settlement agent will record the note exactly as agreed before scheduling the closing.
What Virginia Beach 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 a Navy market, that often means a relocating service member with equity who'd rather take payments than wait for a full cash-out — common on subject-to deals in Kempsville and Bayside. 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 Virginia Beach? +
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 CRESPA settlement agent, but Stack hinges on the seller-financing terms and the agent being ready to record the second note right after closing. On coastal homes, factor flood insurance into the buyer's payment.
Apply for Stack Funding in Virginia Beach, VA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.