PROJ-2031 · Riverline Plaza
DRAW-2031-P4 — draw request
Pinnacle Construction · Period Dec 16, 2025 – Jan 16, 2026
Requested
$420,000
This draw period.
Approved
$420,000
Approved Jan 20, 2026
Released (net)
$378,000
Jan 22, 2026
Retainage held
$42,000
10% per draw.
Percent complete
87.0%
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 | 87.0% | $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 |
|---|---|---|---|---|
| Jan 22, 2026 | $378,000 | $42,000 | ach | ACH-DRAW-2031-P4 |
Status timeline (1 transitions)
Every state change is logged with actor and reason.
- Jan 22, 2026 7:37 PMApproved →ReleasedPrior closed draw
Loan reference: PROJ-2031 (Riverline Plaza) · principal $4,200,000. Active persona: Lender admin.