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818
818 Capital Partners
THE RELATIONSHIP BEHIND THE CAPITAL
110 Wall Street, New York, NY 10005  ·  818capitalpartners.com
Principal
Ravi Punn
(917) 993-9194
ravi@818capitalpartners.com
Construction Draw Schedule FORM 818-DRAW · REV 2026.05

Rehab Budget & Draw Schedule

Required for every Fix-and-Flip and value-add Bridge facility. Hard-cost line items, soft-cost reserve, and the draw plan that funds them.
Purchase price
$
Total rehab budget
$
As-is value
$
After-repair value
$
Project duration
No. of draws
01 Rehab Budget — Line Items Group by trade. Hard costs only — soft costs go below.
# Trade / category Scope description Materials Labor Total % of budget Contractor / vendor
Hard-cost subtotal
02 Soft Costs & Contingency
# Item Notes Amount % of hard cost
1
2
3
4
5
Soft-cost subtotal
Total project budget
03 Draw Schedule Each draw is funded after on-site inspection. Initial draw at close (acquisition); rehab draws on completion of milestones.
# Draw Trigger / milestone Work completed at this draw Draw amount % of rehab Cumulative Target date
Total draws
Draw Disbursement Terms
  1. Each draw request must be accompanied by a completed Form 818-DR draw request, supporting invoices and lien waivers, and photographs of completed work.
  2. 818 will engage a third-party inspector to verify completion before disbursement. Inspection fee ($350) is borrower's responsibility.
  3. Funds are wired to borrower's designated rehab account within 3 business days of inspector clearance.
  4. Holdback equal to 10% of each draw is retained until final inspection and certificate of occupancy or completion is delivered.
  5. Material change to scope or budget requires 818's prior written approval. Cost overruns are borrower's responsibility unless re-underwritten.
Borrower / sponsor signature
Date
818 Capital Partners — approved
Date
818 Capital Partners · 110 Wall Street, New York, NY 10005 One page · Form 818-DRAW