This version focuses on the unique aspects of short-term rehab lending:

✅ Fix-and-Flip Loan Submission Checklist

1.  Loan Summary

• Borrower name(s) and entity structure
• Loan amount requested
• Purpose: Fix-and-flip (purchase + rehab)
• Requested loan terms (rate, term, LTV, LTC)
• Exit strategy (sale or refinance)
• Broker summary or narrative (optional but recommended)

2.  Borrower Information

• Borrower resume or experience summary (prior flips, real estate background)
• Personal financial statement
• Credit report (tri-merge or equivalent)
• Last 2 years of tax returns (if required)
• Schedule of Real Estate Owned (SREO)
• Entity documents (LLC, Corp, etc.)

3.  Subject Property Details

• Property address and legal description
• Purchase contract
• Photos (interior and exterior)
• Preliminary title report
• Appraisal or Broker Price Opinion (as-is and ARV values)
• Property insurance quote or binder
• Zoning and occupancy status

4.  Rehab Budget & Scope

• Detailed rehab budget (line-item format preferred)
• Contractor bids or estimates
• Timeline for rehab completion
• Contractor license and insurance (if applicable)

5.  Financial Analysis

• Sources and uses of funds
• Proof of down payment/reserves (bank statements)
• Loan-to-Cost (LTC) and After-Repair Value (ARV) analysis
• Exit strategy support (e.g., comps, listing plan, agent letter)

6.  Additional Documents

• Escrow instructions or closing timeline
• Any third-party reports (inspection, environmental, etc.)
• Guarantor information (if applicable)

Here’s a Sample Rehab Budget you can include in your loan submission package.  Lenders commonly use this format to evaluate the scope, cost, and feasibility of a renovation project:

7.  Sample Rehab Budget Template

To add a timeline to a rehab budget, include a phased schedule that aligns each line item with a projected start and completion date.

Here’s a simple format you can use:

9. 🛠️ Rehab Budget with Timeline Template

Total Rehab Budget: $65,000
Total Duration: ~55 days

Here’s a concise and professional “Fix and Flip Projected Profit” section you can include in a loan submission or investment summary:

10. 🧮 Fix and Flip – Projected Profit Analysis

📌 Notes:

• ARV is based on comparable sales and/or appraisal.
• Holding costs include taxes, insurance, utilities, and maintenance.
• Financing costs include lender fees, interest, and points.
• ROI is calculated on total capital invested, not just cash outlay.

Conclusion: Why a Complete Loan Submission Matters

In hard money lending, time is often the most valuable commodity.  Deals move quickly, and lenders make decisions based on the clarity and completeness of the information provided.  A well-prepared loan submission package is not just a formality—it is the foundation of trust and efficiency in the lending process.

When a broker delivers a clean, organized, and comprehensive package, it signals professionalism and reduces friction.  Lenders can underwrite faster, identify risks accurately, and approve funding with confidence.  This underscores the broker’s role in the process, empowering them and making them feel responsible.  Conversely, incomplete or disorganized submissions lead to delays, repeated requests for missing documents, and, at times, lost opportunities.

An effective package does more than present numbers; it tells the story of the Borrower, the property, and the deal in a way that highlights strengths and mitigates weaknesses.  It demonstrates that the broker has done their homework and respects the lender’s time and process.  This level of diligence not only increases the likelihood of approval but also builds credibility and long-term relationships that lead to repeat business.

In short, a strong loan submission is the broker’s most powerful tool—it doesn’t just inform the lender, it persuades them.  In a competitive market, the brokers who master this skill are the ones who consistently get their deals funded quickly and successfully.