PortfolioDrawsApprovalsInspectionsVarianceAudit

1 flagMS

01 · INTAKE

02 · WORK

03 · REVIEW

04 · RELEASE

PROJ-2031 · Riverline Plaza

DRAW-2031-P1 — draw request

Pinnacle Construction · Period Mar 16, 2025 – Apr 16, 2025

Released

Requested

$315,000

This draw period.

Approved

$315,000

Approved Apr 20, 2025

Released (net)

$283,500

Apr 22, 2025

Retainage held

$31,500

10% per draw.

Percent complete

33.0%

From inspector report.

Schedule of values (0 line items)

AIA G703-style schedule. Inspector validates percent-complete per line.

#	Cost	Description	Scheduled	This period	To date	%	Balance to finish	Retain
Totals (0 lines)			$0	$0	$0	33.0%	$0	$0

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.

Payment releases

Finance reviewer records each release with reference and retainage breakdown.

Released	Amount	Retainage held	Method	Reference
Apr 22, 2025	$283,500	$31,500	ach	ACH-DRAW-2031-P1

Status timeline (1 transitions)

Every state change is logged with actor and reason.

Loan reference: PROJ-2031 (Riverline Plaza) · principal $4,200,000. Active persona: Lender admin.

// viewing as Marcus Sterling · Lender adminswitch role →