5-10 Day Fix & Flip Loan Closing

Borrower Preparation: The Linchpin to 5–10 Day Fix & Flip Loan Closing

In a fix-and-flip transaction, speed is rarely accidental. Loans that close in five to ten business days do so because the borrower arrives prepared, not because the lender owns a magical stopwatch. While lenders advertise fast closings (many programs do close faster), the true determinant is borrower readiness—specifically, whether all critical documentation is organized, accurate, and immediately available.

5–10 Day Fix & Flip Loan Closing are not about rushing underwriting; they are about eliminating friction. Each missing document creates an email, a pause, and a delay. Prepared borrowers remove those bottlenecks before the file ever hits underwriting.

Below are the core preparation items that consistently separate 5–10 Day Fix & Flip Loan Closing from “we’re almost there” closings.

The Non-Negotiable Borrower Preparation Checklist

1. Complete Loan Application & Executed Purchase Contract
   A fully completed application paired with a signed purchase agreement allows the lender to initiate underwriting immediately. Partial applications slow momentum before it even starts.
2. Entity Documents
   Most investment properties are purchased in an LLC or corporation, lenders will require articles of organization, operating agreements, and the IRS letter with the business EIN number. Having these ready avoids last-minute scrambles that tend to occur 48 hours before closing—when stress is already doing pushups.
3. Government-Issued Identification (ID)
   Valid photo ID for all borrowing principals is essential for compliance, title, and closing coordination. Simple? Yes. Frequently forgotten? Also yes.
4. Detailed Scope of Work & Rehab Budget
   A line-item scope with realistic costs allows the lender to validate renovation feasibility prior to closing and release draws efficiently once the loan is in effect. Vague rehab budgets invite questions which delay closings; detailed rehab budgets invite quick approvals.
5. After-Repair Value (ARV) Supported by Comparable Sales
   Fix-and-flip loans are underwritten on ARV. Providing solid comparable sales upfront reduces appraisal disputes and shortens valuation review timelines. Confirm your comparable sales are: in close proximity to the property (a half of a mile in the city and two to three miles in the suburbs); of similar size, bedroom count and bathroom count; and have recently closed ( preferably in the last 6 to 12 months).
6. Liquidity Documents
   Recent bank statements demonstrating available funds for down payment, closing costs, and reserves are critical. Liquidity reassures lenders that surprises will be handled calmly, not creatively.
7. Experience Track Record
   A brief summary of prior flips—addresses, outcomes, and timelines—helps lenders assess execution risk. Experience doesn’t need to be flashy; it just needs to be documented. Most lenders provide a schedule to be completed, if you have one prepared it saves time.
8. Clear Exit Strategy
   Whether resale or refinance, lenders want to see a defined repayment path. A clear exit equals faster credit approval and fewer follow-up questions.

Why This Preparation Pays Off

Prepared borrowers close faster, negotiate from strength, and win deals others cannot. Sellers favor certainty. Lenders reward clarity. And underwriters—quietly but sincerely—appreciate files that don’t require detective work.

In fix-and-flip financing, speed is not a promise; it is a byproduct. When borrowers arrive organized, transparent, and ready, five-to-ten-day closings stop being aspirational and start becoming routine.

Preparation, it turns out, is the fastest form of financing.

As a hard money lender offering multiple program options for real estate investors seeking 5 to 10 day fix & flip closings (even with little or no money down) FBC Funding has been helping investors since 2010.

For more information on how you next deal can be a 5-10 day fix & flip loan closing:

Call 888-848-3114

Email Funding@fbcfunding.com

Click Here to schedule a free 5-10 day fix & flip loan closing consultation.