Construction Draws
Every draw request checked against budget, inspection and lien waivers before a dollar is funded.
Why it matters
Draw packages of pay applications, invoices and lien waivers are checked by hand each month, and an out-of-balance loan or missing waiver slips through.
How the solution handles it
Five agents read the draw package, test every line against budget and the loan balance, match claimed completion to the inspector’s report, check lien waivers and the title date-down, and draft the approval memo. The construction loan administrator approves the draw.
How a draw moves
Five agents read, test, match and check every draw package and draft the approval memo; the construction loan administrator approves the draw.
What it reads, and what it hands back.
What goes in
- AIA G702/G703 pay application
- Invoices and change orders
- Lien waivers
- Inspector’s site report
- RERA account certificates (India)
What comes out
- Draw approval memo
- Loan-in-balance test
- Exceptions to clear
- Funding instruction
Who uses it
The difference, in numbers.
Every figure is labelled: a target the solution is built to, an estimate, a typical published result, or a proven one.
“Target” = design goal, measured in the live solution · “Estimated” = our estimate · retainage typically 5–10% · India: RERA s.4(2)(l)(D), 70% of buyer receipts in a project account · agents = the live solution’s configuration
5 specialist agents. One person decides.
More in this division.
Every rent roll and T-12 normalised and tied out, with underwritten NOI in hours, not days.
Appraisal ReviewEvery appraisal checked against the guidelines and your file before the credit decision.
Lease & Tenant RiskEvery lease, estoppel and SNDA abstracted and cross-checked, so tenant risk is known before closing.
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for your team.
We’ll show Construction Draws running on your own documents.