Five projects, one view
One project is about to slip.
Across five projects, one shows a risk to its next lender draw.
Step 1 of 3
Projects5
At risk1
Opening it shows why, as a chain.
The draw depends on the framing inspection, which depends on a permit amendment, triggered by a revised structural drawing two weeks ago.
Step 2 of 3
Lender drawDepends on inspection
InspectionDepends on permit
PermitAmendment needed
The developer decides what to tell the lender.
The draw date moves only after the lender agrees, and Momor records it.
Step 3 of 3
Sent toDeveloper
The question, as the person sees itThe next draw depends on a permit amendment. Tell the lender now?
Illustrative.
Step 1 of 3
Projects5
At risk1
Step 2 of 3
Lender drawDepends on inspection
InspectionDepends on permit
PermitAmendment needed
Step 3 of 3
Sent toDeveloper
The question, as the person sees itThe next draw depends on a permit amendment. Tell the lender now?