Newrepublicfunding.com

Fix and Flip:




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. 


Guarantor: 


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, or Plumber License, or Electrician License to ensure permits can be pulled. 


Please Submit the above-executed documents to the following:


Eyarbra@newrepublicfunding.com


(P) 877-783-2196

Up to 90% of the Purchase Price

+
100% of the total Rehab Costs

Up to
75% of the After Repair Value

Updated 8/1/2020

Fix and Flips are a staple of the Real Estate Investment industry. Whether you have 10+ deals experience or very little to no experience, NewRepublicFunding.com can offer you the fix and flip capital for your next deal. 


Rates starting at 9%


Origination Fees from 2% to 4% 


Term: 12 Months w/ Extension Options


Loan Amounts: $100,000 to $1,000,000

(Loan Amounts up to $3,000,000 Case by Case.)  


Single Family Homes, 2-4 Units, Condos* and Townhomes*


No Prepayment Penalties


Fast Closings of 10-14 Days


No Payments for 12 Months *


1st Draw will be advanced 2-3 Days after the close of Escrow! *


Qualifications: 


660 or Higher FICO Score 


No Minimum Experience

More Experience = Better Terms


No Income 


No Assets 


No Tax Returns 


Nationwide Lending 


Major Rehabs OK


Rural Properties OK 


No Properties over 2 Acres 


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.