Custom homes discussions and local services.
Practicalbuilder8775
New Member
Follow
Discussion activity
Topics and replies this member has contributed.
Reply
RE: How are contingency reserves handled in construction-loan draws?
Approval and release may not happen at the same time. Even if a reserve-funded change is approved, the lender’s draw schedule might release the money only after the work is done and inspected. That can leave the borrower...