Put Construction Payments and Draw Conditions on One Calendar

By Don McClain | Founder & Principal, Medro Advisors. A construction budget can balance while the timing still requires sponsor cash. Before committing to a project payment, review the actual draw requirements, documentation, inspection steps and expected release timing. Place contractor obligations beside those milestones and identify who covers the interval if a draw arrives later. Do not assume an approved budget means immediately available proceeds. Bring the project budget, timing and repayment questions into a commercial real estate capital discussion.