Spark Lending offers fix and flip and new construction loans that fund the work through draws, but it does not publish a draw process on its site. There is no stated draw request method, inspection type (physical or virtual), per-draw turnaround, or reimbursement schedule. Spark’s site is built around interactive calculators (cash to close, DSCR, flip profit, and rehab estimators) and a borrower portal, so terms are generated per deal rather than published as fixed programs. It also does not publish a closing timeline. Because the draw mechanics and close speed are not documented, rehab and construction investors should confirm the draw process, inspection requirements, and funding turnaround directly with Spark before closing. Some figures circulating on third-party sites are not on Spark’s own site, so borrowers should rely on Spark’s own quote.
