Draw Request

Draw Request
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  • Borrower will need to email Loans@VanOakCapital.com detailing scope of work. Pictures of completed work and documentation of expenses
  • Borrower is responsible for the initial payments to contractors, permits, zoning, etc.
  • VOC will refinance out funds after inspection in installments (usually 4).
  • Reciepts showing proof of work and payment. Lien waviers for contractors need to be provided as well.
  • Inspector will meet borrower at property. Inspector will need access to interior as well
  • as exterior. Inspector can usually meet within 24 hours.
  • Inspector will compare his report with what was submitted to VOC.
  • $125 inspection fee per visit which will be deducted from the draw.