New Construction Loans | Importance of a Draw Schedule | Knowing Your Cushion
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New Construction Loans | Importance of a Draw Schedule | Knowing Your Cushion
New Construction Loans | Importance of a Draw Schedule | Knowing Your Cushion

Chris and Yesenia detail how to get a new construction loan, the importance of knowing your cushion and having a detailed draw schedule.  Stressing the importance of understanding the lender’s draw request process, they reveal that private money lenders and local banks are often more flexible than large national banks for new construction projects.

  1. What is PML?
  2. What is the first question to ask a lender?
  3. What is the most important service the lender offers?
  4. What is a point?
  5. What is a punt buyer?
  6. What is a draw schedule?
  7. What is a custodian in private money lending?
  8. What is the homework for this week?

Get the answers in our facebook group!

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