Borrower and experience
- Borrower or entity name and contact information.
- Prior completed fix-and-flip projects.
- Contractor relationships and project management plan.
- Liquidity, reserves, and borrower contribution if requested.
Property and purchase details
- Property address, type, and occupancy.
- Purchase contract, purchase price, and closing deadline.
- Current condition, photos, inspection notes, and title contact.
- Comparable sales and neighborhood context.
Rehab plan
The rehab plan is central to lender review. It should be specific enough for a lender to understand cost, timeline, and execution risk.
- Scope of work by category.
- Detailed renovation budget.
- Contractor bid or borrower-managed plan.
- Estimated timeline and draw expectations.
Deal numbers
Acquisition
Purchase price, down payment, seller credits, closing costs, and acquisition timeline.
Value
Current value, after-repair value, comparable sales, and appraisal if available.
Loan request
Requested loan amount, rehab holdback, borrower contribution, and desired term.
Exit
Expected sale price, refinance plan, listing plan, or rental conversion strategy.
Exit strategy and lender package
Lenders want to know how the loan will be repaid. Brokers should collect a clear sale, refinance, or rental exit strategy before requesting quotes.