Speed wins assignments and off-market deals in Fargo. Here’s a straightforward blueprint investors follow with Ambition Lending to close quickly and cleanly.
How to Keep the Timeline Tight
Give valuation access on day one; coordinate tenants or sellers early. Confirm insurance (builder’s risk for flips, landlord for rentals). Provide a complete entity packet (articles, operating agreement, EIN, IDs for signers).
The Timeline That Works
- Day 0–1: Intake and term sheet with contract/payoff, scope (if applicable), entity docs, IDs, bank statements.
- Day 1–3: Title and valuation in motion; insurance binder in process.
- Day 4–7: Clear conditions; finalize scope and COI.
- Day 8–14: Docs, signing, funding.
Help Your Valuation Help You
Share your comp set and logic when you submit. Transparent assumptions speed underwriting and reduce back-and-forth with the appraiser or BPO provider.
Q&A
Can I assign my contract? We typically fund end-buyers rather than assignment fees—send details.
What insurance do I need? Builder’s risk during renovation; landlord for stabilized rentals.
Do I need prior experience? Strong deals can offset a light track record.
hard money lender in Fargo
