PortfolioDrawsApprovalsInspectionsVarianceAudit

1 flagMS

01 · INTAKE

02 · WORK

03 · REVIEW

04 · RELEASE

PROJ-2025 · Northgate Medical Building

DRAW-2055 — draw request

Bayfront Construction · Period Apr 28, 2026 – May 13, 2026

In review

1 expired waiver

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

Pending

Released (net)

Awaiting release.

Retainage held

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.

// viewing as Marcus Sterling · Lender adminswitch role →