PROJ-2038 · Lakeview Hotel
DRAW-2085 — draw request
Pinnacle Construction · Period Apr 20, 2026 – May 10, 2026
Requested
$410,000
This draw period.
Approved
$0
Pending
Released (net)
$0
Awaiting release.
Retainage held
$0
10% per draw.
Percent complete
38.0%
From inspector report.
Schedule of values (2 line items)
AIA G703-style schedule. Inspector validates percent-complete per line.
| # | Cost | Description | Scheduled | This period | To date | % | Balance to finish | Retain |
|---|---|---|---|---|---|---|---|---|
| 1 | 05000 | Structural | $574,000 | $164,000 | $287,000 | 70% | $287,000 | $16,400 |
| 2 | 09000 | Finishes | $328,000 | $82,000 | $123,000 | 38% | $205,000 | $8,200 |
| Totals (2 lines) | $902,000 | $246,000 | $410,000 | 38.0% | $492,000 | $24,600 | ||
Lien waivers (0)
Required from each subcontractor with paid work this period. Waivers older than 60 days expire.
| Sub | Type | Signed | Amount through | Status |
|---|---|---|---|---|
| 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.
| 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-2038 (Lakeview Hotel) · principal $7,400,000. Active persona: Lender admin.