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Local Hard Money Draws

  • 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 draw being issued
  • No charge for inspections
  • Proof of paid receipts and invoices must be provided
  • Final draw will not be funded until the project is completed
  • If permits required, borrower may be required to get approvals or pass inspection before draw is issued
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