PROJ-2044 · Mission Hills Phase II
DRAW-2090 — draw request
Crestline Contractors · Period Apr 12, 2026 – May 2, 2026
Requested
$235,000
This draw period.
Approved
$235,000
Approved May 6, 2026
Released (net)
$211,500
May 15, 2026
Retainage held
$23,500
10% per draw.
Percent complete
71.0%
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 | $329,000 | $94,000 | $164,500 | 70% | $164,500 | $9,400 |
| 2 | 09000 | Finishes | $188,000 | $47,000 | $70,500 | 38% | $117,500 | $4,700 |
| Totals (2 lines) | $517,000 | $141,000 | $235,000 | 71.0% | $282,000 | $14,100 | ||
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-2044 (Mission Hills Phase II) · principal $5,800,000. Active persona: Lender admin.