Fix & Flip Loan Application

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Fix & Flip / Bridge Loan Application

This application takes about 15–20 minutes. You can stop at any point and click Save and Continue Later — we’ll email you a private link to pick up where you left off.

Business-purpose financing only. The property financed may not be occupied as your primary residence.

Loan Type(Required)

Loan Purpose(Required)

Purchase

Refinance

Cash Out Refinance

Property Type(Required)

Single Family Residence

2 Unit

3 Unit

4 Unit

5+ Multifamily

Townhouse

PUD / Condominium

Mixed Use

Commercial

Borrower / Entity Information

For loans held in an entity, all owners with 20% or greater ownership are subject to credit and background review. All applicants are counted as personal guarantors unless a waiver is granted.

Borrower Type(Required)

Entity Name / Individual Name(Required)

TIN / EIN

Federal tax ID for the borrowing entity.

% Ownership

Please enter a number from 0 to 100.

Your ownership percentage in the borrowing entity.

Mailing Address(Required)

Street Address Address Line 2 City State ZIP Code

Phone(Required)

Format: (555) 555-5555

Email(Required)

We’ll send your Save and Continue link and status updates here.

Contact Name

Best person to reach on this file, if different from above.

Applicant 1

Applicant 1 Legal Name(Required)

First Last

SSN — Last 4 Digits Only

For identity matching only. We collect your full SSN through a secure channel after you apply — never through this web form.

Date of Birth(Required)

Click the calendar icon to pick a date.

Applicant 1 Phone(Required)

Format: (555) 555-5555

Applicant 1 Email(Required)

Marital Status

Married

Unmarried

Separated

Estimated Credit Score

Please enter a number from 300 to 900.

Your best estimate is fine.

Primary Residence Address(Required)

Street Address Address Line 2 City State ZIP Code

Driver’s License #

Is there a second applicant / co-borrower on this loan?(Required)

Yes

No

Applicant 2

Applicant 2 Legal Name

First Last

SSN — Last 4 Digits Only

Date of Birth

Click the calendar icon to pick a date.

Applicant 2 Phone

Format: (555) 555-5555

Applicant 2 Email

Marital Status

Married

Unmarried

Separated

Estimated Credit Score

Please enter a number from 300 to 900.

Primary Residence Address

Street Address Address Line 2 City State ZIP Code

Driver’s License #

Experience / Track Record

List 1–10 completed projects, or upload your REO schedule below. Please exclude any home that was your primary residence.

Transaction History — Flips, Ground Up, Value Add

Address

City

State

Ownership on Title

Property Type

Purchase Price

Purchase Date

Rehab / Construction Cost

Sale Price

Date Sold

Profit / Loss

Real Estate Owned — Properties Held as Rentals

Address

City

State

Ownership on Title

Property Type

Purchase Price

Purchase Date

Tenant Occupied (Y/N)

Monthly Rent

Date Sold

Profit / Loss

Or Upload Your REO Schedule / Track Record

Drop files here or

Accepted file types: pdf, doc, docx, xls, xlsx, csv, jpg, jpeg, png, heic, Max. file size: 25 MB, Max. files: 5.

A spreadsheet or PDF works fine — you can skip the tables above if you upload here.

If ownership for any property listed above is under a different entity than the one used on this application, please provide those entity documents on the Documents step.

Disclosures and Consents

Please read each disclosure and check the box to acknowledge. Your typed name at the bottom serves as your electronic signature.

Application Accuracy and Representations(Required)

The information contained in this application is provided for the purpose of obtaining or maintaining credit with Abo Capital, on behalf of the undersigned, or persons, firms or corporations on whose behalf the undersigned may either severally or jointly with others execute a guaranty in Abo Capital’s favor. Each undersigned understands that Abo Capital is relying on the information provided herein (including the designation made as to the ownership of property) in deciding to grant or continue credit. Each undersigned represents and warrants that the information provided is true and complete and that Abo Capital may consider this statement as continuing to be true and correct until a written notice of a change is given.

Furthermore, each of the undersigned specifically represents and acknowledges that: (1) the information provided in this application is true and correct as of the date set forth opposite my/our signature(s) and that any intentional or negligent misrepresentation of this information may result in civil liability, including monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation, and/or in criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Sec. 1001, et seq.; (2) the loan requested pursuant to this application will be secured by a mortgage or deed of trust on the property described in this application; (3) the property will not be used for any illegal or prohibited purpose or use; (4) all statements made in this application are made for the purpose of obtaining a loan on a residential property and the property will NOT be occupied by borrower, sponsors or their families as has been indicated in this application; (5) an original and/or an electronic record of this application may be retained, whether or not the loan is approved; (6) Abo Capital and its agents, brokers, insurers, servicers, successors and assigns may continuously rely on the information contained in this application, and I/we are obligated to amend and/or supplement the information provided in this application if any of the material facts that I/we have represented herein should change prior to closing of the loan; (7) in the event that my/our payments on the loan become delinquent, the holder of the loan, its servicers, successors or assigns may, in addition to any other rights and remedies it may have relating to such delinquency, report my/our name and account information to one or more consumer reporting agencies; (8) ownership of the loan and/or administration of the loan account may be transferred with such notice as may be required by law; and (9) neither Abo Capital nor its agents, brokers, insurers, servicers, successors or assigns has made any representation or warranty, express or implied, to me regarding the property or the condition or value of the property.

I have read and agree to the representations and warranties above.

ECOA — Equal Credit Opportunity Act Disclosures

ECOA Appraisal Report Disclosure. We may order an appraisal to determine the property’s value and charge you for this appraisal. We will promptly give you a copy of the appraisal, even if your loan does not close. You can pay for an additional appraisal for your own use, at your own cost.

Disclosure of Right to Request Specific Reasons for Credit Denial. If your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial. To obtain the statement, please contact Abo Capital, Attn: Credit Department, at sa@abocapital.com within 60 days from the date you are notified of our decision. We will send you a written statement of reasons for the denial within 30 days of receiving your request for the statement.

Fair Lending Notice. The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning this creditor is: Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.

USA PATRIOT Act — Customer Identification Program

To help the US Government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies every person who opens an account. What this means to you: when you apply for a loan, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Construction Reserve / Fund Control(Required)

Construction reserve funds, if any, will be withheld from the initial funding of the loan. The borrower will be required to provide a detailed scope of work for review prior to origination of the loan. This scope of work will be included in the loan documents. Borrower understands, acknowledges and agrees that funds will not be disbursed in excess of the construction reserve amount. If excess funds beyond those in the construction reserve are required to complete work items included in the scope of work, borrower shall be solely responsible for supplying such additional funds. Borrower is also solely responsible for supplying funds for unexpected expenses or costs incurred that are not included in the scope of work.

Work item(s) must be completed prior to disbursal of the corresponding draw amount. For avoidance of doubt, work items shall consist only of actual costs toward improvements to the property and shall not include any overhead of borrower, interest, property taxes, property insurance, HOA dues and other costs which do not constitute improvements. Upon each draw request, an inspection will be ordered with a third-party inspection company. The inspector will contact you to confirm and schedule the site visit. The inspector will go to the property with your budget and verify completed work and take photos. We will then review the inspection report and release funds based on the completed work and overall percentage of completion, less the inspection fee. An inspection fee applies to each inspection and will be disclosed to you prior to the first draw; larger projects consisting of multiple units may have a higher cost.

Typical turnaround time is 5–7 days from the date of request to the date of wire. The minimum amount of each draw request shall be equal to the greater of $5,000 or 10% of the total construction reserve.

Borrower understands, acknowledges and agrees that each draw disbursed shall be a percent, equal to the approved loan-to-cost ratio (construction reserve funds / approved budget for the scope of work), of the total amount of funds actually spent by borrower on the work items and evidenced in the draw request, and approved in our sole and absolute discretion.

Borrower understands, acknowledges and agrees that borrower must have the necessary funds from borrower’s own resources to fund the difference in actual costs in excess of loan funds advanced, if any, toward the work items. This includes paying for work items in advance of borrower’s receipt of loan funds advanced, if any, toward the work items.

Need to Know:

Prior to the 1st draw, the Deed of Trust must be recorded.
Soft costs require proof of payment for reimbursement.
Funds throughout the project are reimbursed based on physical completed work verified by an inspector with corresponding invoices.
Draws in any amount over $20,000 require a lien release from the contractor (if applicable), or invoices/receipts when there is no contractor involved.
Costs that are over budget or not included in the budget will not be reimbursed.
Materials are not reimbursed until installed and verified by the inspection company.
No draws will be disbursed if the loan is delinquent.
Final inspections are required even if the property is listed.
Subordinated financing behind the loan is not allowed without authorization.

I have read and agree to the construction reserve and draw terms above.

Electronic Signature

Typing your name below and submitting this form constitutes your electronic signature under the federal E-SIGN Act. Your IP address and a timestamp are recorded with your submission.

Applicant 1 — Type Your Full Legal Name(Required)

This serves as your electronic signature for every disclosure on this page.

Date(Required)

Click the calendar icon to pick a date.

Applicant 2 — Type Your Full Legal Name

Date

Click the calendar icon to pick a date.

Supporting Documents

Upload what you have now — you can send the rest later. Accepted: PDF, Word, Excel, and images, up to 25 MB per file.

Two Months of Recent Bank Statements

Drop files here or