Principals who own greater than 33% of the corporation, partnership or LLC must provide a copy/picture of a driver’s license, social security number and agree to a background check.
Your DL can be provided as a picture from your cell phone, an image by email or a PDF from your scanner, as long as the quality is very good.
Your experience is an important part of the approval process. We just need some basic information about your previous fix and flip projects. The spreadsheet can be complete online with us or downloaded and completed on your own.
This can be a Corporation, LLC or Partnership – Articles of Organization or Certificate of Incorporation, along with any operating agreements that may exist that shows what percentage of ownership each member/owner has.
For our no monthly payments, single payoff when you sell loan, you DO NOT need any bank statements. “If” you choose a monthly payment loan instead, you will need 3 months of bank statements for BOTH business and personal.
This is your Total Rehab Budget worksheet and will match the amount of rehab funds you request in your loan application. It is easy to itemize your expect costs and determine how many draws that you’ll likely require.
Everyone knows what this is. Once you have a ratified sale contract, deliver us a copy along with any addendum or assignment agreements.
If the property is currently tenant occupied, you must provide copies of any leases or agreements to rent.
Documents and worksheets can be delivered to us by email directly, uploaded to the cloud and shared through Google, Dropbox and Microsoft, or transferred directly through WhatsApp or Telegram applications.
Help with the spreadsheets is available by online meeting. Just schedule an appointment. Any documents that require a signature can be sign electronically from your computer or phone.
Ready to close hard?
Finance your next fix and flip and defer your payments for up to a whole year.