Fix and Flip or Rent:




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 DL 

2. Credit Report dated within 30 days of application, showing all three scores, and complete credit history. 

3. 24-36 Months 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, and Wiring Instructions along with Title/ Escrow Agent Name, Phone, Email Address.

4. Evidence of Insurance for Refinances or Insurance Quote with Builder's Risk to bind at the close of escrow considerate of the loan scenario. Insurance Agent Contact Name, Phone, Email Address. 

5. Rehab Budget in NRF Template. 

6. Projected Draw Schedule. 

7. GC License, Bond, and Insurance, along with the GC Contract to Build.


Please Submit the above-executed documents to the following:


Eyarbra@newrepublicfunding.com


(P) 877-783-2196

Qualifications: 


660 or Higher FICO Score 


No Income 

 

No Tax Returns 


Nationwide Lending 


Major Rehabs OK


Rural Properties (OK case by case)


Brokers are always paid and protected!


Questions? Need Help? 


Call 877-783-2196


or Email: 


Eyarbra@Newrepublicfunding.com 









The Process: 

Step 1. Complete Application & Remit Documents Requested. 

Step 2. Execute the Term Sheet. 

Step 3. Order 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:Maximum Loan to Value of Purchase Price:Maximum After Repair Value:Projected Rate and Points:
0-170%65%12.99% per Annum and 3 Points
275%70%11.99% per Annum and 2.5% Points
3-480%70%11.5% per Annum and 2% Points
5+85%70%11.00% per Annum and 1.5% Points