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Local Hard Money Draws

  • The borrower should have funds to begin initial repairs
  • Draw fee is $150 per draw
  • Up to five draws allowed
  • Improvements must be inspected prior to the draw being issued
  • No charge for inspections
  • Proof of paid receipts and invoices must be provided
  • The final draw will not be funded until the project is completed
  • If permits are required, the borrower may be required to get approvals or pass inspection before the draw is issued

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