Your Loan Process: Step-by-Step
Our streamlined funding process ensures fast closings, clear communication, and dedicated support from start to finish.
Submit Application & Pay Fee
- Complete Online Application: Begin by submitting your online application with all required information about your fix and flip project.
- Pay Processing Fee: Once your application is complete, pay the $495 processing fee to initiate your loan review.
- Have an Establish Business Entity: 🔹 Note: All loans must be in a business entity (EIN-based LLC).
Personal Rep Assigned
Your Dedicated Support
After submission, you'll be contacted by your dedicated Loan Representative. She'll introduce herself and schedule a time to review your project details and funding needs.
Initial Contact
Your Loan Rep will reach out via phone or email to establish communication
Consultation Scheduling
Set up a convenient time to discuss your specific project needs
Relationship Building
Begin working with your personal representative who will guide you through the process
Project Review & Terms Discussion
Your Loan Rep will walk you through the loan structure, options, and terms specific to your deal. You'll have a chance to ask questions and explore the best product fit.
Project Analysis
Your Loan Rep examines your property details and renovation plans
Loan Structure
Review of available loan options tailored to your project
Terms Explanation
Clear breakdown of rates, fees, and repayment schedule
Q&A Session
Opportunity to ask questions and clarify any concerns
Document Preparation & Submission
You'll work with Tammy (your Broker) to organize and prepare the documents below ahead of time. All documents will be submitted to your Loan Rep in a shared Google folder for review and processing.
1
LLC/Business Formation Docs
Official documentation showing your business entity structure and registration
2
Operating Agreement
Legal document outlining the ownership and operating procedures of your LLC
3
Driver's License
Valid government-issued photo identification for verification purposes
4
Articles of Incorporation
Legal document filed with the state establishing your business entity
5
Bank Info
Banking details for fund transfers
6
Insurance (as needed)
Appropriate coverage documentation for the property
Conditional Approval
Terms Acceptance
You agree to the proposed loan terms and conditions.
Your file enters Conditional Approval. At this stage, the lender begins verifying documents and pre-underwriting your deal.
Underwriting Review
The underwriting team performs a final review of your application and submitted documents. You may be asked for 1–2 final conditions to move to closing.
Clear to Close Issued
When underwriting is satisfied, you’ll receive a Clear to Close status update from your Closing Coordinator. They will guide you through the final steps before funding.
Initial Disbursement at Closing
At the closing table, the title company will disburse funds for the property purchase. Rehab funds are held in escrow and released based on draw requests.
Project Kickoff & Contractor Coordination
Once the loan closes and the property is in your name, you may share the Term Sheet or Closing Statement with your General Contractor to begin work.
💡 Need a reliable construction partner?
We recommend Quick Flip Construction, a professional renovation team offering a ‘Kickoff Loan’ to help get work started before your first draw. Ask us how to get them on your project.
Draw Requests Process from Escrow
As work progresses, you'll submit draw requests. Funds are released based on completed milestones. Most draws are reviewed and approved quickly.
Milestone Completion
Contractor completes defined project phase
Draw Request Submission
Submit documentation of completed work
Inspection & Verification
Work progress is verified against the request
Funds Release
Approved funds transferred from escrow
Typical Closing Timeline
1
7-14 Business Days
Average time from application to closing
2
Dedicated Support
Access to your Business Development Manager 24/7
3
Transparent Process
Regular updates throughout the process to keep you 100% informed
Our Lending Coordination Team is efficient and responsive. You'll receive regular updates, and your Business Development Manager is available anytime to support you.