Loan Draw

Product Feature: Loan Draw

One of the biggest challenges to the development finance process is submitting loan draw requests to lending institutions. These requests happen frequently and potentially multiple times per project, yet the process can be arduous and inefficient for developers without the proper tools. For most real estate developers, project information is typically trapped in spreadsheets and …

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Loan Draw for Real Estate Developers Made Easy

  The Current Draw Process One of the biggest challenges to the development finance process is submitting draw requests to lending institutions. These requests happen frequently and potentially multiple times per project, yet the process can be arduous and inefficient without the proper tools. The development team is frequently in charge of collecting all project …

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Automation Greatly Reduces Loan Draw Process Time and Accuracy

Paperwork. It is truly a rare person who enjoys this tedious but imperative task. The best way to minimize the time spent on this mundane job is via automation through technological innovation. Draw requests comprise invoices, receipts, budgets, change orders and lien releases. And if you are still handling these chores manually for a Commercial …

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