QuickDraw Fund Control

Construction Draw Management for Private Lenders

Fund Control:

Fund control is a highly sought-after service provided by third-party firms who manage the disbursement of funds during construction projects. Rather than oversee the arduous task of invoices and payments during the course of a project on their own, lenders outsource aspects of this process to fund control companies like QuickDraw Fund Control. As the intermediary between the lender (banks, private equity firms and private individuals) and the borrower (contractors and builders), QuickDraw Fund Control works to make the fund disbursement process a positive experience for all.

Due Diligence: 

Due diligence as it relates to fund control begins prior to the issuing of a construction loan. Because construction loan budgets, may contain potential cost overruns that can result in project delays, QuickDraw Fund Control takes every precaution necessary by researching the borrower and the borrower’s project. To further reduce risk, lenders will partner with QuickDraw Fund Control, drawing upon our construction expertise to offer an unbiased analysis and recommendation based on the borrower’s budgets, blueprints and financials. Consequently, lenders receive a more detailed report on the health of the than when they first started, and can feel confident in the lending choices they make.

Cost Reviews:

Prior to giving the green light for a construction loan, lenders reach out to QuickDraw Fund Control to complete an analysis and review of the project budget outlined by the borrower. The purpose of this step is to provide the lender with detailed information to determine if the budget and predicted costs look reasonable. This is a significant phase in minimizing risk for the lender, which is why QuickDraw Fund Control’s detailed and accurate analysis is a valuable asset for each client.

Construction Loan Portfolio Analysis:

With the goal of minimizing risk for the lender, QuickDraw Fund Control created a process for researching a borrower’s entire loan portfolio as it relates to fund control. This service—loan portfolio inspection—plays a critical function within our due diligence capacity. In today’s construction market, with an uptick in activity and increased delays due to the busy schedules of both contractors and local municipalities, reviewing the overall health and performance of a borrower across their entire portfolio helps lenders make better decisions.