PROJ-2025 · Northgate Medical Building
DRAW-2055 — draw request
Bayfront Construction · Period Apr 28, 2026 – May 13, 2026
1 open exception
- Waiver expired: Lien waiver from Northwind Mechanical signed 65 days ago — exceeds 60-day expiry. Sub must re-acknowledge before release.
Requested
$95,000
This draw period.
Approved
$0
Pending
Released (net)
$0
Awaiting release.
Retainage held
$0
10% per draw.
Percent complete
78.0%
From inspector report.
Schedule of values (1 line items)
AIA G703-style schedule. Inspector validates percent-complete per line.
| # | Cost | Description | Scheduled | This period | To date | % | Balance to finish | Retain |
|---|---|---|---|---|---|---|---|---|
| 1 | 15000 | Mechanical finish-out | $120,000 | $30,000 | $95,000 | 79% | $25,000 | $3,000 |
| Totals (1 lines) | $120,000 | $30,000 | $95,000 | 78.0% | $25,000 | $3,000 | ||
Lien waivers (1)
Required from each subcontractor with paid work this period. Waivers older than 60 days expire.
| Sub | Type | Signed | Amount through | Status |
|---|---|---|---|---|
Northwind Mechanical SUB-204 · mechanical | Conditional progress | Mar 12, 2026 | $95,000 | Expired |
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.
| Step | Required role | Approver | Decided | Decision | Notes |
|---|---|---|---|---|---|
| No approval steps generated. | |||||
Status timeline (0 transitions)
Every state change is logged with actor and reason.
Loan reference: PROJ-2025 (Northgate Medical Building) · principal $5,200,000. Active persona: Lender admin.