Step 4: Closing
Either a purchase or a refinance will take place with the closing attorney. We will wire the funds we are providing to the attorney prior to closing. If there is a construction escrow, it will also be set up at this time. Begin the rehab on your project. As you complete phases of the rehab, request a construction draw for reimbursement. We itemize all the tasks needed to complete your project into individual jobs. On your draw request, we will inspect the property and allocate a percentage of each line item job. We then wire the draw amount into your specified bank account.