Get in Touch
Office Location
123 Financial District
New York, NY 10001
Email Us
contact@jnalending.com
Call Us
+1 (555) 012-3456
Frequently Asked Questions
What is a DSCR loan?
A Debt Service Coverage Ratio (DSCR) loan is a type of commercial real estate financing where the borrower's cash flow from the property is used to cover the loan payments. It is ideal for properties that generate consistent rental income.
How does fix-and-flip financing work?
Fix-and-flip financing is specifically designed for investors who want to purchase a property, renovate it, and sell it for a profit. We provide the capital needed for the purchase and the renovation costs, typically with a high loan-to-value ratio.
What documents are required for an application?
We require standard documentation including a credit report, proof of income, and detailed property appraisal. For fix-and-flip loans, we also need a renovation plan and a pre-approval letter from a contractor.
Are there any down payment requirements?
Our DSCR and fix-and-flip programs are structured to minimize upfront costs. We offer competitive rates and flexible terms, often requiring only a small down payment or no down payment at all depending on the property type.
How long does the approval process take?
We prioritize efficiency. Once we receive all required documentation, our underwriting team typically provides a decision within 48 to 72 hours, allowing you to move forward with your investment quickly.