Jaken Finance Group Loan Process

From scenario to closing: what the timeline actually looks like

The six steps above compress into a fast sequence when your file is complete. Closings can occur in as few as 7–10 business days after appraisal payment and satisfaction of borrower conditions, subject to underwriting approval. Here is how that window breaks down in practice:

1. Scenario submission. Tell us the deal: property address, purchase price, rehab budget, projected ARV, and your exit. The fastest route is the get-approved questionnaire, which routes your scenario to the right program — fix-and-flip, bridge, new construction, or DSCR rental.
2. Scenario approval. A loan officer evaluates whether the deal economics work — the relationship between purchase price, rehab cost, and ARV — and comes back with proposed terms. There is no obligation to proceed.
3. Processing. Once you accept terms, processing collects the document package (checklist below) and orders third-party items. Paying the appraisal invoice promptly matters: the 7–10 business day closing clock starts after appraisal payment, so an unpaid invoice quietly stalls the whole file.
4. Underwriting and property valuation. Underwriters verify the value story — ARV against comps, loan-to-cost, the rehab scope, and your exit — and issue conditional approval with any remaining conditions.
5. Closing. With conditions cleared, documents go to title, you sign, and the acquisition funds are wired. Entity vesting on the closing documents must match your entity paperwork exactly.
6. Servicing, draws, and payoff. After closing, the same team handles your rehab draws, loan servicing questions, and payoff coordination — whether you sell or refinance into a DSCR loan.

Document checklist

Not every program requires every item — many programs do not require bank statements at all — but a complete package on day one is the single biggest thing you control in the timeline:

• Entity documents — LLC operating agreement, EIN, and good standing; we lend to entities, not individuals
• Purchase contract — fully executed, with vesting matching your entity
• Scope of work and rehab budget — line-item detail by trade, not a lump sum (see how to submit a scope of work)
• ARV comps — comparable sales that match your planned finish level
• Insurance — a binder for builder's risk or landlord coverage, bound at close
• Title / escrow contact — so we can coordinate the closing directly
• Guarantor ID — government-issued identification for the entity's guarantor(s)
• Bank statements, as applicable — requested only where liquidity needs to be verified to close

How rehab draws work after closing

On fix-and-flip and rehab loans, the acquisition portion funds at closing while rehab dollars sit in a holdback and release in draws — typically 3–6 per project — as work completes. Each draw follows the same cycle: finish the milestone, submit a draw request with dated photos, contractor invoices or lien waivers, and the line items you are drawing against; pass a draw inspection; then receive the wire, typically within one to three business days of approval. Repeat sponsors with clean documentation often see turnaround under 48 hours.

Two things to plan around: interest is charged on the full loan commitment, including undrawn holdback, so idle rehab funds cost you carry — and scope changes require a written change order before the work happens, or the next inspection fails. The full mechanics, including a typical four-draw milestone schedule, are in our fix-and-flip draw process guide.

What underwriting actually reviews

Underwriting at Jaken Finance Group is asset-based. Credit is reviewed — we may pull credit to look at trends — but FICO is not the primary approval driver. What decides the file:

• ARV — does your after-repair value hold up against comparable sales at your finish level?
• Loan-to-cost — qualified fix-and-flip files can reach up to 90% of purchase plus 100% of rehab, capped at 75% of ARV
• Scope realism — line-item budgets with appropriate contingency, licensed trades, and permit costs where required
• Exit strategy — a credible sale or refinance plan with the timeline to execute it
• Liquidity — enough reserves to close and carry the project, verified only where the program requires it

Common reasons deals stall — and how to avoid them

• Unpaid appraisal invoice. The closing clock starts after appraisal payment; pay it the day terms are accepted.
• Lump-sum rehab budgets. "Rehab — $72,000" gets sent back. Submit trade-level line items from the start.
• ARV comps that don't match the scope. Rental-grade finishes priced against luxury-flip comps trigger a lower holdback or reduced loan amount.
• Entity paperwork mismatches. The operating agreement, purchase contract, and title vesting must all name the same entity.
• Missing insurance binder. Coverage must be bound at close — get quotes for builder's risk or landlord coverage early.
• Slow condition responses. Conditional approval is not funded. Every day a condition sits unanswered pushes the wire.

Questions before you submit? Browse the investor FAQs or contact the team — and when you are ready, start with the get-approved questionnaire.