The space of construction financing can be risky. Lenders face constant challenges like cash flow mismanagement, unexpected project delays, and, worst of all, the possibility of projects being abandoned midway. Without the right systems in place, funds intended for construction can easily be used elsewhere, exposing you to unnecessary risks. That’s why I suggest using… Continue reading How Draw Schedules Reduce Risk for Lenders in Construction Financing
Essential Elements of a Draw Schedule that Construction Lenders Should Know (+ Free Template)
In construction lending, projects often end up spanning months or even years. In such a scenario, a well-defined draw schedule isn’t just helpful—it’s essential. It’s the mechanism that ensures funds are released at the right time, tied to tangible milestones, and aligned with the project’s progress. Over the years, I’ve seen how the lack of… Continue reading Essential Elements of a Draw Schedule that Construction Lenders Should Know (+ Free Template)