Post-Closing Agreement
1. Loan Repayment
The Borrower agrees to repay the Loan Amount in full within 30 days of the sale of the property, or as otherwise agreed in writing by the Lender.
2. Interest and Fees
Interest on the Loan Amount shall accrue at the rate of 12% per annum. All fees and charges, including but not limited to loan origination and underwriting fees, shall be paid at the time of closing.
3. Property Use
The Borrower shall use the property solely for investment purposes and shall not occupy the property as a primary residence. The Borrower shall maintain the property in good repair and condition at all times.
4. Default and Remedies
Default shall occur if the Borrower fails to repay the Loan Amount within 30 days of the sale of the property. Upon default, the Lender may declare the entire Loan Amount immediately due and payable, and the Borrower shall be liable for all collection costs and attorney fees incurred by the Lender.
5. Governing Law
These terms and conditions shall be governed by and construed in accordance with the laws of the State of Michigan. Any disputes arising from this Agreement shall be subject to the exclusive jurisdiction of the courts located in the City of Detroit.
FAST FLIP FUND
Effective Date: October 26, 2026
Signature Block
By signing below, the undersigned acknowledges receipt of the loan agreement and agrees to the terms and conditions set forth herein. This document constitutes a binding agreement between the parties.
DISCLAIMER: This signature block is for informational purposes only and does not constitute an offer or commitment to lend. All loans are subject to credit approval, underwriting, and compliance with applicable state and federal law.