HOW THE DRAW PROCESS WORKS

The funds for the Renovation Budget is the money Wildcat Lending has placed in an escrow account for the project, and will be released in accordance to the Escrow Agreement signed at closing.

The Draw Request will be reviewed against the Rehab Budget. Requests for money up front with no work started will not be approved. Work started or acceptable request for reimbursement examples are listed below:

  • Work completed
  • Work in progress
  • Materials on site
  • Valid invoices, receipts, & deposits

Please communicate to us any changes to the Rehab Budget.

  • If the budget is still accurate, we shouldn’t have difficulties in releasing funds.
  • If the budget is no longer accurate, we will need a revised budget from you (examples: your vision of the project has changed, unexpected work, or you changed contractors).
  • If you are paying for a portion of the renovation budget outside of your loan with Wildcat Lending, let us know the amount and details so we can track the entire project cost.

Additional documentation is required for certain types of work, when applicable. To avoid delays, please email the attachments to draws@wildcatlending.com when you submit your draw request.

  • Warranty on Roof
  • Warranty on Foundation
  • Engineering Report
  • HVAC invoice
  • Green Tags on Plumbing, Electrical, and Mechanical
  • Invoices/contracts for any deposit made when money up front is requested (flooring, cabinets, counter tops, windows, etc.). Estimates and quotes are not acceptable.

Thank you for Choosing Wildcat Lending!

Contact Us

4800 Dexter Drive Plano, TX  75093
(972) 525-4777

info@wildcatlending.com

About Us

Meet The Team
Kevin Shipman
Mike Noppinger
Carlo Checri
Gray Cato
Victor Williamson
Brooks Humphreys

Process

What We Do
Loan Programs
Loan Checklist
Rehab Budget
Inspections
Draw Process
Draw Request
Payoff Request

Media

Social
Blog
Video

Events

Contact Wildcat

4800 Dexter Drive
Plano, TX  75093

(972) 525-4777

About Us

Meet The Team
Kevin Shipman
Mike Noppinger
Carlo Checri
Gray Cato
Victor Williamson
Brooks Humphreys

Process

What We Do
Loan Programs
Loan Checklist
Rehab Budget
Inspections
Draw Process
Draw Request
Payoff Request

Media

Social
Blog
Video

Events

Contact Wildcat

4800 Dexter Drive
Plano, TX  75093

(972) 525-4777

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