Our Draw Process
It's simple!
- Before the loan funds a preliminary work order is completed which lists the rehab work divided into phases and details any permit requirements and a project timeline. An SR appointed Project Inspector then schedules an inspection at the property to review and approve the project and work order.
- After the loan has funded permits are pulled and work begins on the projects. Once a full phase(s) of work is complete on the work order, an inspection is scheduled.
- The Project Inspector emails the signed and dated work order to the Client Services Department.
- The General Contractor emails the correct lien waivers to the Client Services Department.
- If all documents are received before noon, the draw is processed that same day and will be sent via ACH to the client's checking account.
