How our draws work: in-house, funded in minutes.
On a fix & flip or construction loan, the budget is held at closing and paid out as the work gets done. We run every draw ourselves, with no middleman, so an approved draw is funded in minutes, not hours.
Five steps, from work done to money in.
Do the work
Finish a phase of the budget.
Inspection
Virtual or on-site, depending on the job.
Approval
Your draw coordinator checks the lines against the budget.
Funded
Approved draws are funded in minutes.
No surprises between draws.
No monthly payments out of pocket
The interest can be financed into the loan, so you are not writing a check every month while the work is under way.
Zero minimum earned interest
Some lenders charge a set number of months of interest even if you pay off early. We do not: finish early, pay off early, and pay nothing extra for it.
Extensions: 0.5 per 3 months
If the project runs long, extend for 0.5 points per three months.
How much of the budget
Up to 100% of the rehab on a fix & flip loan, and 100% of construction on a ground-up loan, within each loan’s overall limits.
A construction draw schedule, line by line.
| Line | Work | Budget | Paid in |
|---|---|---|---|
| 1 | Permits, plans and fees | $4,500 | Draw 1 |
| 2 | Demolition and debris removal | $9,000 | Draw 1 |
| 3 | Structural and concrete repairs | $12,000 | Draw 1 |
| 4 | Framing and carpentry | $13,500 | Draw 1 |
| 5 | Roofing | $10,500 | Draw 1 |
| 6 | Windows and exterior doors | $9,000 | Draw 2 |
| 7 | Plumbing, rough and finish | $13,500 | Draw 2 |
| 8 | Electrical, rough and finish | $12,000 | Draw 2 |
| 9 | Heating and cooling | $10,500 | Draw 2 |
| 10 | Insulation and drywall | $12,000 | Draw 2 |
| 11 | Flooring | $9,000 | Draw 3 |
| 12 | Kitchen: cabinets, counters, appliances | $15,000 | Draw 3 |
| 13 | Bathrooms | $9,000 | Draw 3 |
| 14 | Interior paint, trim and doors | $7,500 | Draw 3 |
| 15 | Exterior, siding and landscaping | $3,000 | Draw 3 |
| Total budget | $150,000 | 3 draws |
An example, not a loan term. Use it for your own job: download the draw schedule as an Excel file (type how complete each line is and it works out your draw request), or build your budget line by line in the rehab budget tool.
On every construction and fix & flip loan
Quick and smooth.
Draw questions
What is a construction draw schedule?
The list of the work, line by line, with the budget for each line and the draw that pays for it. Money is released against it as each stage is finished. See a sample.
Is there a draw schedule template I can use?
Yes. Download ours as an Excel file: type how complete each line is, and it works out the draw request and what is left in the budget.
What do I send with a draw request?
The budget lines that are done, with photos and invoices for them, in the online draw portal.
How do construction draws work?
The rehab or construction budget is held at closing. As each phase is finished, you request a draw for those budget lines; after an inspection and approval, that money is paid out. The loan grows as the work does.
How fast are draws funded?
In minutes, once the draw is approved. We run draws in-house, with no middleman.
Are draw inspections virtual or on-site?
Either, depending on the job.
How much of the budget can be financed?
Up to 100% of the rehab on a fix & flip loan, and 100% of construction on a ground-up loan, within the loan’s overall limits.
What is minimum earned interest?
A charge some lenders add so that a loan paid off early still pays a set number of months of interest. We charge zero minimum earned interest.
What if the project runs long?
Extend for 0.5 points per three months.
Where do I request a draw?
In the online draw portal: upload your photos and invoices and track each release there.
Building or renovating? Start with the draw budget.
Send us the scope of work. We answer with the loan, the draw budget and how each draw is paid.
*For business-purpose loans on non-owner-occupied investment property only. Not available for personal, family or household purposes. All loans subject to credit approval, underwriting and property eligibility. Rates, leverage and terms are indicative, change without notice, and not all borrowers will qualify; not a commitment to lend. YS Capital Group · NMLS ID 2609746 · Equal Housing Lender.