Are you tired of your projects being underfunded or draws not coming when they are supposed to?
We are a team of construction experts! We have construction draw programs designed for each type of scenario.
The Approved Builder
The Commercial developer
The self build home owner
1 year rate holds for the client buying a home from a new builder.
The Approved Builder or Commercial developer
Funds can be used for Land Acquisition
Max 80% of completed value
Up to 65% advance on raw land value at registration
No requirements or limits on # of draws
Fully open for repayment with no penalty
Rates starting at Prime + 1%
Lenders fee 0% - 2%*
Broker Fees 1-2%
Depending on the lender chosen there can a limited # of draws or as many as you like. Each draw normally comes with a draw fee and is based upon the file sale,
the % completion less the hold back. It is very important to properly cashflow plan. Below is an average construction progress schedule for a home construction.
Larger commercial files are based on a similar schedule but will use a cost consultant instead of an appraiser.
Draw schedule & Progress Report
Project Completion %
Excavation, Foundation and Backfill
Framing & Roof
“Lock up” + Rough in electrical, plumbing and heating & Insulation