Fix and Flip Loan

A fix and flip loan assists shorter term real estate investors in leveraging a purchase of a property. These investors purchase property with the intention of renovating and reselling it for a quick profit. The sale of the property is usually completed within a year of the loan date.

Typical Documents for a Fix and Flip Loan:

  • Loan Application
  • Borrower Authorization
  • Bank Statements
  • Picture ID
  • Loan Submission Form
  • Home Owners Insurance
  • Mortgage Statement for Payoff Information
  • Purchase Agreement (Contract)
  • Construction Budget & Plans

If Corporation:

  • Articles of Incorporation
  • Bylaws
  • Statement of Information
  • Form W9

If LLC:

  • Articles of Organization
  • Statement of Information
  • Form W9