rentdaddy.net Wholesale Investor Desk · 14-DAY CLEAR-TO-CLOSE WORKFLOW
Investor Loan Submission & 14-Day Closing Checklist
Bottom Line Up Front (BLUF): Business-purpose investor loans arranged by Loan Daddy LLC (NMLS #2827624) require zero personal tax returns, zero W-2s, and zero personal DTI calculations. Prepare the 4 document packages below to move from term sheet to clear-to-close in 7 to 14 business days.
1. Borrowing Entity & Sponsor Identification (LLC / LP / Corp)
- Articles of Organization / Certificate of Formation (filed with Secretary of State)
- Executed Operating Agreement or Corporate Bylaws listing all members and exact ownership percentages
- IRS Form CP-575 / EIN Confirmation Letter for the borrowing entity
- Certificate of Good Standing (dated within 60–90 days of closing; plus Foreign Qualification if LLC was formed out-of-state)
- Government Photo ID for all individuals holding 20%+ (or 25%+) equity interest
2. Property Collateral, Leases & Income Verification (Zero Tax Returns)
- Executed Purchase Contract & Addenda (for acquisitions) or Current Mortgage Payoff Statement (for refinances)
- Current Executed Lease Agreement(s) for leased 1–4 unit properties (or vacant market-rent election on Form 1007 / Form 1025)
- For 5–8, 5–9, 5–10, 5–25 & 5+ Unit Multifamily: Current Certified Rent Roll + Trailing-12 Month (T-12) Operating Statement
- For Short-Term Rentals: 12-month platform payout ledger OR Appraiser Form 1007 STR schedule
3. Rehab, Fix-and-Flip & Ground-Up Construction Supplement (If Applicable)
- Itemized Scope of Work (SOW) & Line-Item Renovation Budget
- General Contractor License, Liability Insurance & Builder Track Record (3+ completed projects for maximum 90% LTC tier)
- Architectural Plans, Survey & Building Permits (for Ground-Up Construction or Structural ADU additions)
4. Liquidity Reserves, Title & Hazard Insurance
- 2 Months Most Recent Bank, Brokerage, or Entity Statements verifying down payment, closing costs, and 3–6 months PITIA reserves
- Landlord DP-3 Hazard / Commercial Property & General Liability Insurance Binder (with 100% Replacement Cost or Loan Amount coverage)
- Flood Insurance Declaration (only if FEMA Flood Zone A or V) and HOA Questionnaire / Condo Master Policy (for townhomes/condos)
- Title Commitment, 24-Month Chain of Title, and Closing Protection Letter (CPL)