Funding Process and Timeline

We offer funding of up to 90% of the purchase price and 100% of the construction cost. Our Maximum Loan to Value is 75% of the After Rehab Value (ARV). If you have a loan that doesn't fit this criterion, we are still happy to discuss options with you. 

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How We Fund and Max Loan to Value

On fix and flips and buy and hold deals, we aim to fund 80-90% of the purchase price and then 100% of the construction costs.  In this case, if your purchase price is $100,000 and your rehab is $50,000, we will fund $80,000 - $90,000 for the purchase price and then $50,000 for the rehab.  Therefore, you would need to bring $20,000 to the closing, in addition to points and closing costs.  We cap our loans at 75% of the ARV.  For example, if your project has an ARV of $1,000,000, the most that we can provide is $750,000.  This number however is only an upper limit.  We will still want to see you put money into the deal or “skin in the game”. 

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How We Determine Value

In order to confirm the ARV, we have all properties professionally appraised.  Once the appraisal is complete, our team reviews the appraisal and decides how much we can fund.  The borrower pays for the appraisal and whether we decide to fund it or not, the appraisal will ultimately be yours to keep. 

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Who We lend to

All our loans must be made to LLCs. Unfortunately, we are not able to lend to individuals.  

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Minimum and Maximum Loan Sizes

Our minimum loan size is $50,000 and our Maximum is $3,500,000.  This combines both purchase price and construction costs. 

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How Construction Funding is Disbursed

After closing, construction funds are released based on the draw schedule you provide before closing. In other words, you’ll outline how you want the project divided into phases, and once a phase is complete, we’ll verify the work and send the funds. Please note that you’ll need to have some funds available upfront to cover initial construction costs until reimbursement is made.

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Traditional inspections are typically handled by licensed appraisers at a cost of $300 per inspection, and we can usually accommodate reasonable changes to the draw schedule if needed. The key point is that we can only release funds for work that has already been completed.

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For even faster access to funds, we now offer Snap Draws. With this option, you can upload photos of completed work through our secure portal instead of waiting for a traditional inspection. Once reviewed and approved, funds are released quickly so your project can stay on track without unnecessary delays.

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Rates and Points

Our rates are typically from 9-12% with 2-3 points paid at closing.  Rates vary based on borrower experience, the volume of deals, the type of property, and the location of the property.  All our loans are interest-only with the principal being repaid through either a sale or a refinance.

 

To give an idea of how the numbers break down, assuming a $100,000 loan with no construction, at a rate of 10% and 2 points, the borrower will owe $2,000 (in points) at closing and then $833.33 a month in interest payments ($10,000/12 Months).  If it takes a year to sell the property, your cost of capital will be 12%.  If it only takes 3 months, your cost of capital will be 4.5% (there is no pre-payment penalty for our loans).  If construction is funded as well, monthly payments will increase as funding is disbursed.  

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Funding Process and Timeline

1. Initial Consultation

Real Estate Investor speaks with a Jasey Capital team member to review the deal, their past experience, and the loan terms that Jasey Capital can likely provide.

2. Loan Application & Document Submission

You’ll submit the required documents, such as the loan application, purchase contract, ID, entity documents, and project budget so we can begin reviewing your file. Providing complete and accurate documentation upfront helps us move your loan forward quickly and smoothly.

3. Credit & Background Check

We’ll run a soft credit pull and background check as part of our initial setup. This does not affect your credit score and allows us to confirm eligibility before moving further into the process.

4. Initial Review & Quote

Once your file is reviewed, we’ll provide a preliminary term sheet outlining proposed rates, fees, loan amounts, and structure. We’ll also discuss any questions you have and ensure the deal aligns with your project goals before proceeding.

5. Underwriting & Appraisal

After you accept the terms, we’ll begin formal underwriting to verify income, assets, and property details. At the same time, we’ll order the appraisal to determine the property’s current and after-repair value. Our underwriters generally require 24-48 hours to reach a funding decision. 

6. Clear to Close & Funding

Once underwriting is complete and the appraisal comes back, we’ll issue a clear-to-close. Our team will coordinate final documents, closing logistics, and funding so that you can move forward with your project without delay. The borrower will provide the Title Report to Jasey Capital’s attorney for review.  Assuming there are no issues, the process will proceed. Once the title has been cleared by our attorney, we will set a date to close.

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Time Required to Close

Our funding process typically takes 10 Business Days from start to finish.  The duration of the process depends largely on the speed with which the borrower sends over the required documentation.  We can sometimes close faster than 10 days, but on a case-by-case basis. 

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Credit Score Requirements

We require a minimum credit score of 660. Anything below is subject to lender discretion.

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Proof of Funds

We are happy to provide our clients and potential clients with a Proof of Funds Letter.  If you require a Proof of Funds, please contact us.

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Types of Deals We Fund

• Non-owner occupied 1–4-unit residential

• Single-family residence

• 2-4 unit multifamily

• Condominiums

• Townhomes

• Planned unit developments (PUD)

We cannot, however, fund any owner-occupied residential properties.

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Length of the Loan

All our loans are 1-year loans with no prepayment penalty. If a project runs longer than expected, extensions may be available at the lender’s discretion. The length of the extension and the additional points charged will vary based on the circumstances of the project, with monthly interest payments continuing during the extended period.