Fix and Flip Documentation / Process

Use the checklist below to help you distinguish between information you will need to provide. 

• Information About the Loan Purchase or Refinance 
• Purchase contract
  
• Property access instructions 
• Required entity information 
• All entities and individuals who are part of the borrowing organization 
• Guarantor(s)’s SSN and Date Of Birth 
• Rehab information/Scope of Work 
• Rehab budget information
• Draw schedule 
• Valuation delivery acknowledgement 
• Hazard insurance agent information 
• Closing agent information 
• 12 months Builder's Risk Policy Quote
• A copy of the executed purchase contract and addenda (when applicable) 
• A copy of a voided check for monthly ACH auto-debit 
• Borrower’s real estate transaction history and schedule of real estate owned 
• Guarantor(s)’s real estate transaction history and schedule of real estate owned 
• Three months of borrower’s most recent bank statements 
• Borrower’s current formation document 
• Borrower’s current organizational agreement 
• Signed disclosures by borrower 
• Signed Borrowing Authorization Form

General Contractor Information

• Valid state contractor license
• E&O policy
• Worker Compensation Policy
• resume and contractor's projects completed in past 24 months
  

Call us at 800-327-0123 to discuss your loan scenario or complete the inquiry form or start your secured online application.