Construction Draws

Request and track construction loan draws through each build phase.

• How Construction Draws Work — Comprehensive guide to the construction loan draw process from the owner-builder perspective.
• Preparing a Draw Request — Step-by-step guide to creating and submitting a draw request in OwnerDraw.
• Draw Schedule Template — Understanding draw schedules, typical milestone percentages, and configuring your draw schedule in OwnerDraw.
• Tracking Draw Status — How draw requests move through Draft, Sent to Bank, and Funded — and what to do at each stage.
• Draw Request Best Practices — Tips for smooth draw processing and avoiding common mistakes.
• Building Your Draw Schedule — Plan the stages in which your loan is released: choosing the draw count, naming stages, writing milestones, assigning SOV lines, reading subtotals, and what approval really means.
• Creating and Managing a Draw Request — How to create a draw, choose expense or progress billing, read retainage and net payment, generate the G702/G703 packet, and record funding without confusing it with paying vendors.