How long will it take for the borrower to receive the funds after the Draw Request has been made?
Deposits and soft cost expensed can be funded within 48 hours of receiving a paid receipt or invoice. For hard cost expenses, the disbursement will be released after we have received an inspection report performed by our local inspector and update from the title company indicating the title to the property is free and clear of any liens. We will review the inspection and title report and disburse the request up to the project completion percentage. This process takes an average of 7 business days.
