Newrepublicfunding.com

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Hours of Operation: Mon - Fri 8:00am - 8:00pm

Fix and Flip or Rent
Example property for Fix and Flip or Rent

"Unlock Your Property Potential: Energize Your Investments with our Residential Fix & Flip or Fix & Hold Loans!"

Document Request List

Borrower (LLC, LP, or Inc):

  1. Formation Documentation
  2. EIN #
  3. Business License or Certificate of Good Standing
  4. Operating Agreement or Bylaws
  5. Partnership List or Officer List
  6. 24-36 Month Fix and Flip History List + HUD-1s to show entry and exit

Sponsor:

  1. ID or Driver’s License
  2. Credit Report (dated within 30 days, showing all three scores and full history)
  3. 24-36 Month Fix and Flip History List + HUD-1s to show entry and exit

Subject Property:

  1. Executed Purchase Contract or HUD-1 from Purchase
  2. Evidence of Earnest Money Deposit for a Purchase
  3. Preliminary Title Report, Closing Protection Letter, Escrow Instructions, Wiring Instructions, and Title/Escrow Agent Contact Information
  4. Evidence of Insurance for Refinances or an Insurance Quote with Builder's Risk (plus commercial liability insurance requirements)
  5. Insurance Agent Contact Information
  6. Rehab Budget in NRF Template
  7. Projected Draw Schedule
  8. GC License, Bond, Insurance, and the GC Contract to Build
  9. Payoff details for any existing refinances

Please submit the executed application form to eyarbra@newrepublicfunding.com to begin the application and intake process.

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Please feel free to contact our office at 303-419-3147

Residential Fix and Flip / Fix and Hold

NewRepublicFunding.com has developed a program for serious fix-and-flippers or fix-and-renters who can close within three days!

Many borrowers experience delays in closing escrow or receiving timely draw releases. Whether your property is vacant, boarded up, on the red-tag list, or has experienced fire or water damage, our program can accommodate your needs.

We offer same-day or next-day draws through our Snap Draw Program, eliminating the hassle of scheduling an inspector to release your funds!

Up to 85% of the Purchase Price +
100% of Rehab Costs
Up to 75% of the After Repair Value
Purchase or Refinance
Minimum FICO: 660+
Fix and Flip – OK | Fix and Rent – OK | Major Rehab – OK
Residential 1-4 Units, Condos, and Townhomes – OK
12 - 18 Month Terms
Rates start at 10.49% or 9.49% in CA
Origination Fee: 2% - 2.5%
ADU's – OK | Fire Damage – OK
Minimum Request: $75,000.00
Up to: $5,000,000.00+ (Case by Case)

Necessary Credentials

660 or Higher FICO Score

No Income Verification Required

No Tax Returns Required

Nationwide Lending

Major Rehabs – OK

Rural Properties – OK (Case by Case)

Brokers are always paid and protected!

Questions? Need Help?

Contact our office at 303-419-3147 or email Info@Newrepublicfunding.com & Processing@newrepublicfunding.com

The Process: 

Step 1. Complete the Application & Remit the Documents Requested. 

Step 2. Execute the Term Sheet. 

Step 3. Order the Appraisal. 

Step 4. Underwriting. 

Step 5. Gather any Additional Requested Documentation. 

Step 6. Clear to Close. 

Step 7. Close Escrow. 

Fix and Flip Experience to Loan to Value and After Repair Value:


Deals Completed:Highest Loan to Value of Purchase Price:Maximum After-Repair Value:Projected Rate and Points:
0-170%65%12.99% per Annum and 3.5 Points
275%70%12.49% per Annum and 3.0% Points
3-480%70%11.75% per Annum and 2.5% Points
5+85%70%11.50% per Annum and 2.0% Points