Jaken Finance Group Loan Process
1. Scenario Submission
Submit your loan scenario details to begin the process. Our team will review your application promptly.
2. Scenario Approval
Our experts evaluate your scenario to ensure it meets our criteria, providing quick feedback.
3. Processing
We collect and verify all necessary documentation to move your loan forward efficiently.
4. Underwriting / Property Valuation
Our underwriters assess the risk and value the property to ensure a sound investment.
5. Closing
Finalize your loan with signing and funding, completing the acquisition process.
6. Servicing / Draws / Payoffs
Manage your loan with ongoing servicing, draw requests, and final payoff options.
Frequently Asked Questions
Do you check credit?
Not always. We have short term debt options that don't involve credit checks. Most of our fix and flip loans are only soft credit check. And we have DSCR options with both hard&soft pull options. We are flexible to meet the real estate investor's needs.
How fast can you close a transaction?
Most deals close within 5-7 days from receipt of a file from the borrower. On the higher end, 2-3 weeks for slower, more complicated transactions.
Do I need proof of income, W-2, or bank statements.
Many of our programs do not require bank statements. We ask for them as a precautionary measure to ensure you have the liquidity, if required, to close the transaction. This saves everyone, including the borrower, time and money.