The process of applying for a fix and flip loan is simple and straightforward. Real estate investors who wish to obtain preapproval need to complete a standard 1003 loan application and submit to North Coast Financial for review. Upon approval, North Coast Financial will be able to provide the real estate investor with a preapproval letter to submit with their offers. The preapproval letter will be contingent on the physical inspection of the property.
Real estate investors who are currently under contract on a property should contact North Coast Financial immediately with information on the subject property, project overview and submit a completed 1003 loan application. Once the financing has been approved, North Coast Financial will contact the escrow company and begin arranging the funding for the fix and flip loan.