From deal enquiry to exit. Every step, every document, every dollar. Here is exactly how Flippers Finance arranges property finance deals between borrowers and money partners.
The borrower provides the property address, purchase price, entity details, renovation plan, projected post-reno value and exit strategy.
A high level review of the deal. Do the numbers look like they could stack? Is the renovation plan realistic? Is the exit strategy viable? No cost at this stage.
If the deal looks viable, an independent as-is valuation is ordered from a qualified valuer. The borrower pays the valuation fee at cost.
The all-in LVR is calculated: purchase price + stamp duty + establishment fee + full term capitalised interest, divided by the independent as-is valuation. If it stacks within at least one tier, the deal proceeds.
A deal summary with key details is sent to registered money partners. No identifying borrower details are shared at this stage.
A money partner expresses interest in funding the deal. The borrower is notified and the assessment fee (up to $2,500) is now payable. This is non-refundable.
Flippers Finance prepares the complete deal pack: independent valuation report, property summary, borrower entity details, loan amount and LVR calculation, renovation plan summary and exit strategy.
The money partner has 48 hours to review the deal pack, consult their solicitor and financial adviser, and commit or decline. Flippers Finance does not warrant the accuracy of the deal pack.
Four contracts are prepared: the Contract of Sale, the Loan Agreement and Mortgage, the Fee Agreement and the Introducer Agreement. Both parties' solicitors review all relevant documents.
The money partner's funds flow directly to the conveyancer trust account. The conveyancer pays the vendor, stamp duty and Flippers Finance fees. The first registered mortgage is registered in the money partner's name. The deal is live.
The borrower manages the renovation independently. No monthly repayments are made during the term. Interest capitalises.
The borrower exits the deal within up to 24 months. The money partner receives their principal and fixed interest in full. The mortgage is discharged. The deal is complete.
Every deal involves four separate legal documents. Each one serves a specific purpose and involves specific parties.
Between the property vendor and the borrower's Pty Ltd. This is the standard property purchase contract. The borrower's solicitor handles this.
Between the money partner and the borrower's Pty Ltd. Sets out the loan amount, interest rate, term, repayment terms and default provisions. The mortgage secures the loan against the property.
Between Flippers Finance and the borrower's Pty Ltd. Sets out the assessment fee, establishment fee and any other fees payable by the borrower to Flippers Finance.
Between Flippers Finance and the money partner. Sets out the terms of the introduction and arrangement, including acknowledgements that Flippers Finance does not provide financial advice.
Funds never pass through Flippers Finance. The money partner's funds flow directly to the conveyancer trust account. The conveyancer distributes from there.
At settlement, the conveyancer distributes the funds: the purchase price to the vendor, stamp duty to the relevant state revenue office, and the establishment fee to Flippers Finance. The mortgage is registered in the money partner's name. At exit, proceeds flow back through the conveyancer to repay the money partner's principal and interest.
Whether you are a borrower with a deal or an investor looking for secured returns, the first step is simple.