Funds are disbursed on your construction loan by the voucher system, which means you are reimbursed as you go. The goal is to pay only for the work completed after it is completed. Your payments must be current in order to draw funds. Payments are late after the 5th but please understand they are due on the 1st and draws will not be released on or after the 1st if payments not received.

Please use the Draw Requisition form to request an inspection and to draw funds from your construction account. State if funds should be sent by regular mail, or picked up in person on Friday after 2:00 PM.

You may NOT request that payments be made directly to your contractor, material men or subcontractors. All funds must be made payable to you, the loan customer. The funds will be sent to you so that you can hand it to your contractor, service provider or material men in return for a completed waiver and lien release.

If you have paid someone from your own funds, keep a lien release and a paid receipt. You may request a reimbursement by simply submitting the original bills and lien releases. Mark “Please reimburse”. If there are multiple payments please indicate the amounts for each and the total amount payable to you.

A SPECIAL NOTE TO OUR GEORGIA INVESTORS: The inspections are done and authorized by Terry Higgins in metropolitan Atlanta and then payments are processed at the lender’s main office.

Please allow 48 hours for your inspection to be completed and get your reimbursed funds to you.  If you need your funds by Friday, please be sure to submit your draw request in writing no later than Tuesday at 12 Noon. Draw inspections are performed by Thursday at noon, draw checks are available after 2pm on Friday.

PLEASE PUT YOUR TELEPHONE NUMBER ON THE REQUEST FORM AND INDICATE THE TIME YOU WANT THE INSPECTION TO BE MADE, AM OR PM; ARRANGE FOR ACCESS TO THE PROPERTY, WE CANNOT SET SPECIFIC APPOINTMENT TIMES FOR DRAW INSPECTIONS. If you request a draw and the work requested for reimbursement is not complete, you may be charged for the initial inspection and for the re-inspection, if you request one. Thank you.