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.

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.

Office Locations

34428 Yucaipa Blvd Suite E-358, Yucaipa, CA 92399

Services

  • Fund Control

Real Estate Sectors

  • Private Mortgage Lending

Customer Types

  • Private Mortgage Lenders
  • Real Estate Developers
  • Residential Property Investors

Greg

Norris

Principal/Founder

Clients and colleagues easily connect with Greg and admire his determination to provide reliable, outstanding service. Also regarded as QuickDraw’s Chief Relationship Builder, Greg believes the foundation of every rock solid relationship is clear and consistent communication. This principle has helped him steer the company over the past 9 years and serve national clients’ projects across California and Nevada. Greg has nearly 30 years experience in construction, plumbing, inspection and fund control. He is a licensed General Contractor and Certified HUD Inspector. When he isn’t managing projects, he’s either scouting out new restaurants or cooking up a storm for friends and family.

License Information

Tobi

Nieland

Principal/Chief Financial Officer

Tobi is the partner you can’t do without on your team. She enjoys the challenge of solving complex problems and brings an intellectual and collaborative spirit to every project. Tobi has 30 years experience in accounting and construction and is a member of the American Institute of Certified Public Accountants (AICPA). She is a fearless leader and a driving force within the company, committed to raising the standard of quality and service. In her free time Tobi enjoys spending time with her family and daschunds, traveling and entertaining.

License Information

Jeremy

Nobel

System Analyst/Software Developer

Jeremy is passionate about creating programs that eliminate monotonous repetitive tasks and simplify the QuickDraw team’s workload. With his arsenal of creative firepower and mad programming skills, Jeremy puts computers to work and frees the QuickDraw team to take care of real business. He strives to design solutions that are simple, intuitive and subtle. Jeremy graduated from Cal State San Bernardino at the top of his class with a Bachelor’s in Computer Science. When he’s not whipping computer programs into shape, his creative talents are applied to his many hobbies, which include woodworking, pottery, sculpting and graphic design.

Peggy

Kayser

Draw Administrator

Peggy brings the energy and an adventurous team spirit to every project. As Draw Administrator, no detail escapes her — she’ll dig up the answers she’s looking for in no time. She has over 30 years of experience in construction and finance and was the owner of a construction company for 19 years. Clients and the QuickDraw team appreciate her magical ability to connect people, transform chaos into order, and make sense of the noise. Maybe her education in natural health explains her supernatural talents. . . In her free time she enjoys exploring the outdoors, cooking, and spending time with family.

Steve

Board

Relationship Manager

As the Relationship Manager at QuickDraw Fund Control, Stephen is dedicated to building and strengthening the company’s relationships with clients and business partners. He is fascinated by the power of genuine relationships to encourage diverse ways of thinking and drive personal and professional growth. Throughout his career, Stephen has enjoyed connecting with individuals who share in his passion to explore ideas and opportunities and build strategies to achieve business goals. Stephen has over 35 years of experience in customer service, working with well-known clients and brands such as Google, Cisco, AT&T, Ricoh, Wells Fargo, Bank of the West, IBM and many others. His experience in customer relations combined with his deep understanding of the industry will help the QuickDraw team continue to grow and prosper. When he isn’t out having lunch with clients or putting out fires in customer service, Stephen enjoys cooking, barbecuing and playing golf.