Fund the renovation, then sell it properly
The property gets bought and fixed with one facility, then goes back on the market at a price that reflects the work. You represented it going in and you represent it coming out.
Home / agents
Three ways an agent uses a lender: rescue a listing that will not sell, make an investor buyer credible, or refer the client and get paid for the introduction.
The problem
It has been on the market ninety days. Three buyers loved it and three lenders killed it, because the roof will not pass, or the kitchen is gutted, or the appraiser wrote the word uninhabitable. Every price cut brings a new buyer who cannot get a mortgage on it, and the listing expires with your sign still in the yard.
The property does not need another price cut. It needs somebody to put money into it, and conventional financing will not fund a house in the condition that is stopping conventional financing. That circle is the whole problem.
An investor can break it, and so can the seller if they have the capital. Either way the constraint is the same: money that funds a purchase and a renovation together, on a property a bank has already refused. That is the only thing on offer here, and it is what turns an expired listing into two commissions.
What you get
The property gets bought and fixed with one facility, then goes back on the market at a price that reflects the work. You represented it going in and you represent it coming out.
A letter issued ahead of an offer, so a seller reads your buyer as real rather than as somebody who will need three weeks to find money. Same day in most cases.
Send the address and the condition. If it is not fundable I will tell you that today rather than after your client has already turned down another offer waiting on it.
Send a client who closes and there is a fee in it for you. Details are in the partnership section below.
Instruments
The full range is on the main page. These are the ones this audience uses most.
Purchase and rehab in one facility. Rehab released in draws against completed work, inspected and wired same day.
$25K to $1M+ · 5 to 10 days
Short-term acquisition and rehab, structured from day one to refinance cleanly into long-term debt without a seasoning fight.
$25K to $750K · 7 to 12 days
Land plus vertical, drawn against a schedule of values. Contractor bids reviewed before close, not after.
$150K to $1M+ · 10 to 14 days
Long-term rental debt qualified on the property's income. No tax returns, no W2s, no employment history.
$75K to $1M+ · 14 to 21 days
Partnership
How it works
The short version
Agents send the majority of the deals worth doing, and being paid for that should not require a broker license or a partnership agreement. Send someone who closes and you get a fee. The amount is agreed with you before anything funds, because it depends on the size of the deal and on how much of the work you are actually doing.
Questions
Send me the listing that has been sitting. I fund the renovation, the property sells at a price that reflects the work, and you represent it on both sides. It turns a dead listing into two commissions instead of an expired one.
Yes, and usually the same day. Have them submit the deal and the letter follows. A seller treats an offer differently when the money behind it is documented.
Yes, on closed and funded loans. The amount is agreed with you in writing before the deal funds. Confirm on your side that your state licensing rules allow you to accept it, since that varies and it is your license rather than mine.
Often, yes, provided the property is not their primary residence. This is investment property lending only, so an owner-occupant fixing up the house they live in is not something I can fund.
Very little is, if the finished value supports the work and the budget came from a real contractor. Send the address and the scope and you will have an answer quickly.
Guides
A lender referral fee is real, and easy to get wrong. What triggers payment, what to put in writing first, and the licensing question that is yours alone.
The renovate-or-sell-as-is call is high-leverage advice for a seller. How to run it as arithmetic, not instinct, including when the honest answer is as is.
A proof of funds letter can be real evidence or worthless paper. What separates the two, and how to ask a buyer for a better one without insulting them.
Representing an investor is not a smaller version of representing a homeowner. What changes, and how to be the agent they call first.
A listing that will not sell because it needs work is not a dead listing. It is a listing waiting for a buyer with capital, and that is a referral you can make.
Where
Lending is nationwide. The states below have their own page because they are where the most deals come from, not because they are the only places money goes. If your property is somewhere else, submit it anyway; the terms do not change with the postmark.
New Jersey, Pennsylvania, New York, Texas, Ohio, Indiana, North Carolina, South Carolina, Virginia, Maryland, Delaware. See all markets.
Submit a deal
The address, the condition, and what it would be worth done. If it is fundable you will know inside two days, and if it is not you will know why.