Your loan must be current on all interest payments to be eligible for a draw.

Your loan must be within its loan maturity date to be eligible for a draw.

We cannot net interest payments out of a construction draw.

We will only reimburse against items that were complete at time of inspection.

If your loan is a new construction loan, the properties foundation/piles/slab must be complete to receive your first draw.

If your loan is a rehab loan, we will only disburse funds once value-add work has been started.

Draws must exceed $10,000.00 for approval. Please ensure you have completed enough work on your Scope of Work to meet or exceed this threshold.

We cannot initiate a draw request if there is an open loan payoff statement.

If a draw is sent with an open payoff statement, the open payoff statement will be voided.

Once an inspection is ordered, an inspector will be calling on behalf of Upright to schedule the inspection. Please have availability to ensure a timely draw disbursement.

Draws will be reviewed and reimbursed against only the approved SOW provided at time of closing.

If you'd like to make changes to your SOW, please highlight your requested changes in the Uploaded SOW you provide.

You can only request one SOW change through the life of the loan.

We cannot order an inspection if there is a SOW Change Request under review.