PROJ-2046 · Stonebridge Warehouse
DRAW-2092 — draw request
Bayfront Construction · Period Apr 9, 2026 – Apr 29, 2026
Requested
$145,000
This draw period.
Approved
$145,000
Approved May 3, 2026
Released (net)
$130,500
May 11, 2026
Retainage held
$14,500
10% per draw.
Percent complete
65.0%
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 | $203,000 | $58,000 | $101,500 | 70% | $101,500 | $5,800 |
| 2 | 09000 | Finishes | $116,000 | $29,000 | $43,500 | 38% | $72,500 | $2,900 |
| Totals (2 lines) | $319,000 | $87,000 | $145,000 | 65.0% | $174,000 | $8,700 | ||
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-2046 (Stonebridge Warehouse) · principal $4,200,000. Active persona: Lender admin.