In order to ensure a smooth experience with OfferMarket Capital's construction loan product, please review this overview of best practices for draw processing.
Occasionally, there is need to modify a draw schedule after underwriting approval/closing and before the first draw (borrower had no access to property before closing and had to estimate line items, etc).
The entire draw process (from submission to wire) takes approximately 5 business days.
The draw fee is $280. This fee is paid directly to the assigned inspection company.
There is no funding limit per draw.
Contact the original draw email thread with your specific issues and any supporting documentation and a resolution will be reached ASAP.