ARKAD CAPITAL DRAW REQUEST

Draw Request

Step 1 of 9

Your Loan Number*

(Check your email for your loan number and include it in all correspondence and email subject lines).

Point of Contact Name*
First Last

Point of Contact Cell Phone*

Address*
Street Address Address Line 2 City State ZIP Code

Point of Contact Email*

Please asure the point of contact is very familiar with your project.

Point of Contact Cell Phone*

Details
Please list the line items from your scope of work and percentage (%) of completeness to obtain an inspection on those items.
Note: Only items that visibly complete are eligible for inspection and potential disbursement. Do NOT Request specific dollar amounts.
Item #1
Description (From Approved SOW)
% Complete (No Dollar Amounts)
Item #2
Description (From Approved SOW)
% Complete (No Dollar Amounts)
Item #3
Description (From Approved SOW)
% Complete (No Dollar Amounts)
Item #4
Description (From Approved SOW)
% Complete (No Dollar Amounts)
Item #5
Description (From Approved SOW)
% Complete (No Dollar Amounts)
Item #6
Description (From Approved SOW)
% Complete (No Dollar Amounts)
Item #7
Description (From Approved SOW)
% Complete (No Dollar Amounts)
Item #8
Description (From Approved SOW)
% Complete (No Dollar Amounts)
Item #9
Description (From Approved SOW)
% Complete (No Dollar Amounts)
Item #10
Description (From Approved SOW)
% Complete (No Dollar Amounts)

Wire Information
Funds will be wired within 2 business days after your draw inspection.
Bank Name*
Bank Routing Number*
Account Name*
Account Number*
Account Address*
Street Address Address Line 2 City State ZIP Code

Disclousre
Dear borrower, please read this IMPORTANT Disclosure!
- Draw inspections can occur up to 3 business days after the request is verified as received.
- You will receive a confirmation email when your inspection request is processed. Please check your spam folder if you do not receive it. Contact your rep immediately if there are any issues.
- If you do not receive a confirmation; we are not aware of your request! Please contact us ASAP at draws@therarkadgroup.com
- Before your 1st draw can be processed, you will receive a DocuSign email requesting account verification. No funding will occur without completing this important step! This is for YOUR PROTECTION!! Check you spam box if email is not received.
- SOW CHANGES – Please be on the lookout for any requests for clarity pertaining to your SOW to avoid delays. Please promptly answer any questions or supply any documentation requested by the draws department.
Please be mindful of the following:
- We DO NOT Pre-Fund (float) expenses. We work on a reimbursement of completed SOW items ONLY.
- Un-installed items such as appliances, windows, cabinets, etc. will NOT be eligible for funding. All draws are for FULLY installed and completed work only.
- To be reimbursed for soft costs, you must submit documentation showing a “ZERO BALANCE DUE” for said expense.
- On larger projects, please be prepared to supply copies of Architect plans, As of right letters and Permits etc., as verification of project status.
- Once approved, funds can take up to 2 business days to be wired to your account. Please plan accordingly.
- “Approval” means a draw inspection has taken place and a report generated by the inspector.
- Draw and wire fees are deducted from each draw prior to disbursement.
- Fees can vary depending on which servicing company is assigned to your loan. Arkad does not profit from these fees.
- From start to finish, most draw request take about 5 business days. If you have any issues, please contact the draws team via email immediately.
- Please include the property address and loan number in the subject ALL emails with Arkad Capital.

ARKAD CAPITAL DRAW REQUEST

Details

Item #1

Item #2

Item #3

Item #4

Item #5

Item #6

Item #7

Item #8

Item #9

Item #10

Wire Information

Disclousre

Have a question?
Contact the Arkad Capital team at 📱 800-205-LOAN

SOCIAL

ARKAD CAPITAL DRAW REQUEST

Draw Request

Step 1 of 9

Details

Item #1

Item #2

Item #3

Item #4

Item #5

Item #6

Item #7

Item #8

Item #9

Item #10

Wire Information

Disclousre

Have a question?Contact the Arkad Capital team at 📱 800-205-LOAN

SOCIAL

Have a question?
Contact the Arkad Capital team at 📱 800-205-LOAN