Draw Process:
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Once work has been completed on the project, a draw can be requested. There are no limit to the amount of draws you can request.
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Draw requests should be submitted through the website, including the draw request form, a line by line break down of what is being requested and any corresponding items to support the funds being requested.
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Once received, an inspection will be ordered with a 3rd party inspection company and an inspector will contact you to confirm and schedule the site visit.
(Note: Depending on your location and loan type, you may be able to use a geo-locating app to take your own photos and submit.) -
We will then review the inspection report and release funds based on the completed work and overall percentage of completion less the inspection fee.
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Each inspection fee will be deducted from the approved funds (Larger projects consisting of multiple units may have a higher cost & will be disclosed prior to the first inspection.)
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Typical turn-around time is around 5-7 days from the date of request to the date of wire.
Let us know any questions you have, we’re here to help!