Copy of Driver’s License (Passport for Foreign Nationals)
Rehabilitation Estimate (only for Fix and Flip)
Construction Budget (only for Ground Up Constructions)
Operating Agreement for Borrower Entity
Borrower Entity Tax Identification Number (IRS EIN Letter)
Purchase Agreement (only for acquisition loans)
Evidence of Property Insurance: a.Coverage equal to loan amount or full replacement cost + $500,000 liability. b.Flood insurance if applicable. c.Builder’s risk for Fix and Flip and Ground Up Constructions
Verification of Funds – 3 Months of Bank Statements showing: a.Sufficient liquidity for 6 months of loan payment b.Closing Costs c.Down payment (only for acquisitions)
