Short-term loan for end of renovation

[Lisa Sluss]

I am finishing a flip which I own outright - have the deed in hand.  Why am I having such a difficult time finding a lender who will help see me through the end of my flip?  They all want tax returns, income info.  It seems like holding onto my deed while I finish my project is the safest form of lending there is.

[Robin Simon]

Quote from @Lisa Sluss:

I am finishing a flip which I own outright - have the deed in hand.  Why am I having such a difficult time finding a lender who will help see me through the end of my flip?  They all want tax returns, income info.  It seems like holding onto my deed while I finish my project is the safest form of lending there is.

 A lot of flip rehab lenders are going to be naturally hesitant to provide additional financing for an unfinished flip - do you already have a hard money loan out / maxed draws?  If so, its a sign that "something has gone wrong" so that may be why you are running into trouble.  If its enencumbered, different story