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. Any co-borrowers must have a 10% stake, ideally 25%, when applying with a principal.
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 or any properties that you have owned within the last 24 months.
This can be a Corporation, LLC or Partnership – Articles of Organization or Certificate of Incorporation, along with any operating agreements that may exist that show what percentage of ownership each member/owner has.
This is your Total Rehab Budget worksheet and will match the amount of rehab funds you request in your loan application. It is easy for you or your contractor to complete.
Everyone knows what this is. Once you have a ratified sale contract, deliver us a copy along with any addendum or assignment agreements. If it is a double closing, please have the title agent provide both the A-B and the B-C.
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 hand, by email, or shared directly through WhatsApp or Telegram apps. Otherwise, popular cloud storage may be used such as Google Drive, Microsoft OneDrive or DropBox.
Help with the spreadsheets is available by online meeting or in person. Just schedule an appointment. Any documents that require a signature can be signed electronically from your computer or phone.
Ready to close hard?
Fund your next fix and flip, buy and rent, or refinance with a cash-out.