hard money - rehab loan checklist
1003 & rehab app (online - this site)
Entity Docs and Corporate REsolutions
Borrower Experience ( can you provide the last 3 properties you were part of ownership)?
contract for purchase
rehab budget
borrower info: (copy of driver license, last 2 bank statements, last year tax return)
credit report if available - If not, we will obtain via our company DB capital
taxes (title company should provide tax cert)
insurance (builders risk is rehab , or policy with vacancy clause
hoa cost if any
management fee
rent amount (if this property is rented currently ) with copy of lease
We need the calculate property DSCR (debt service coverage ratio to see if we can do some full/alt doc or no doc - no ratio loan)