Construction Draws Question

Member since 2019 · 33 posts · 23 votes

Question for lenders and GCs who deal with construction draws regularly:

On your last draw — how many days from submission to money hitting the account?

And what held it up? Lien waivers, inspection scheduling, wrong forms, something else?

I'm doing my own project and trying to figure out what's normal vs. what's me doing it wrong. Curious how much this varies.

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Chris SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
3mo
What's your contract say? Typically for final draw there is additional paperwork noted In the loan agreement that are required. So make sure to have your paperwork in order
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Andrew PostellPro Member
Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
3mo
@Roman Ripp I can't tell what type of construction loan you are working with but as long as you have fulfilled the final items needed to create the draw, it usually hits within 72 hours.
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Raymond Duplessis
Lender · Princeton, NJ · Member since 2026 · 24 posts · 7 votes
3mo
From the lender side, a lot of the delay usually comes down to how the draw is submitted and whether the documentation is complete.

At CIVIC, we use Snap Draw, which is designed to make the process more streamlined. The borrower submits the draw request and supporting photos through the platform, the completed work is reviewed, and once approved, reimbursement can often happen in about one business day. Construction funds are generally released in arrears, meaning the work is completed first and then reimbursed after verification.

The biggest holdups I usually see are incomplete photos, work not matching the approved scope or draw schedule, missing lien waivers, or submitting for work that has not actually been completed yet. Inspection requirements can also vary depending on the lender and project.

So a multi-week draw process is not necessarily “normal.” With a clean submission and a lender that has an efficient draw platform, it can move much faster.
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Vijay FriedmanBusiness Member
Miami, FL · Member since 2026 · 766 posts · 122 votes
2mo
Quote from @Roman Ripp:

Question for lenders and GCs who deal with construction draws regularly:

On your last draw — how many days from submission to money hitting the account?

And what held it up? Lien waivers, inspection scheduling, wrong forms, something else?

I'm doing my own project and trying to figure out what's normal vs. what's me doing it wrong. Curious how much this varies.

@Roman Ripp
Draw timing can vary quite a bit by lender, but in my experience the biggest delays usually come from inspection scheduling, incomplete draw packages, missing lien waivers, or contractor documentation rather than the funding itself. Having everything submitted correctly the first time can make a noticeable difference. Curious to hear what timelines others are seeing as well.
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Peter MckernanBusiness Member
Residential Real Estate Agent · Irvine, CA · Member since 2013 · 2k+ posts · 1k+ votes
2mo
As most people said, this takes some time or depends on the agreement between you and the lender. The lender really is the backstop that will delay it due to something they see they need clarity on, or something else. It really is not an average, and every lender is different.
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Austin Hegele
Lender · Charlotte, NC · Member since 2022 · 5 posts · 0 votes
2mo
Usually, I see draws released within 24 from receipt of the inspection report. That inspection report is conventionally ordered through a 3rd party-- which tends to be the culprit for any delays...
If the report requires revisions, or sits with the vendors QC team, it could add 1-2 business days to the process.
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Robert Leach
Contractor · Romeoville, IL · Member since 2015 · 198 posts · 137 votes
2mo
Final draws on permitted jobs is pretty straight forward. Once final inspections are completed and approved by city building inspectors, gather all of your trades lien waivers, make copies of the final city passes and in some communities and occupancy permit. Complete punch list items at client request and submit final invoice. All told it is not uncommon for 5 business days to see it hit your account. Make sure your contract spells out any late payment fees and you should be good to go. Also, if you take photos as you should for your own protection, make sure they are time/location stamped.
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