Loan Application

To apply for a loan please complete and send back our application. Listed below are some of our criteria and information we require for approval of a rehab loan:

PROPERTY TYPE: Non-owner occupied residential investment properties Nationwide
LIEN POSITION: First mortgage only
STANDARD TERM: 12 Months
FUNDING: We fund up to 80% to 90% of purchase & rehab cost combined, not to exceed 60% to 65% of after repair value (ARV).
RELEASE OF
REHAB FUNDS:
Rehab funds are placed in escrow and paid in draws after verification of repairs then wired directly to the borrower’s account.
POINTS: Paid at closing
CLOSING COSTS: Paid at closing (except legal and application fee).
GUARANTY: Personal guaranty required.
LOAN DOCUMENTATION
Borrower and
Guarantor
• Loan Application
• Credit Report
• Corporate (LLC) Formation Documentation
• Recent Bank Statements
• Recent Federal Tax Returns
• Recent Paystubs
• W9/EIN Docs
• Operating Agreement/Corporate Resolution
• IF REFI: Deed or Title Owner’s Policy
LOAN DOCUMENTATION
Property
• Purchase Agreement
• Appraisal
• Scope of Work and Draw Schedule
• Builders Risk and Liability Insurance
• Contractor License and Proof of Insurance
• Title Policy

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