DDrawRequest· Cornerstone Capital
PortfolioDrawsApprovalsInspectionsVarianceAudit
1 flagMS
01 · INTAKE
02 · WORK
03 · REVIEW
04 · RELEASE
PROJ-2031 · Riverline Plaza

DRAW-2031-P2 — draw request

Pinnacle Construction · Period Jun 16, 2025 – Jul 16, 2025

Released
Requested
$350,000
This draw period.
Approved
$350,000
Approved Jul 20, 2025
Released (net)
$315,000
Jul 22, 2025
Retainage held
$35,000
10% per draw.
Percent complete
51.0%
From inspector report.
Schedule of values (0 line items)
AIA G703-style schedule. Inspector validates percent-complete per line.
#CostDescriptionScheduledThis periodTo date%Balance to finishRetain
Totals (0 lines)$0$0$051.0%$0$0
Lien waivers (0)
Required from each subcontractor with paid work this period. Waivers older than 60 days expire.
SubTypeSignedAmount throughStatus
No waivers attached yet.
Inspections (0)
Independent field validation of percent-complete claims by line.
No inspections recorded yet.
Approval chain
Loan officer → owner sign-off → finance releases. Senior lender required over $500,000.
StepRequired roleApproverDecidedDecisionNotes
No approval steps generated.
Payment releases
Finance reviewer records each release with reference and retainage breakdown.
ReleasedAmountRetainage heldMethodReference
Jul 22, 2025$315,000$35,000achACH-DRAW-2031-P2
Status timeline (1 transitions)
Every state change is logged with actor and reason.
  1. Jul 22, 2025 6:37 PM
    Approved →Released
    Prior closed draw

Loan reference: PROJ-2031 (Riverline Plaza) · principal $4,200,000. Active persona: Lender admin.

// viewing as Marcus Sterling · Lender adminswitch role →