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What is a draw request?

Funds from construction loans (commonly referred to as "fix and flip" and "bridge" loans) are disbursed to the borrower via draw request. A draw request typically involves a submission of invoices and receipts of work performed and materials purchased associated with work that has been completed per the scope of work (SOW) or budget that is submitted to your lender.

How to schedule a draw request

The borrower or the general contractor representing the borrower will then schedule a draw inspection with the lender. An inspector representing the lender will visit the job site and confirm the work completed and materials on site so the lender can reimburse based on the inspected progress.

Get a quote for a fix and flip construction loan from OfferMarket Capital

OfferMarket Capital is our private lending platform. We are on a mission to help you grow your real estate investing business by providing you with the most competitive, transparent and simple private lending experience. Our products include no doc fix and flip and DSCR rental loans. Get your quote today!

More about draw requests

What is the draw request process for OfferMarket Capital construction loans?