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Construction draw
review checklist.

Loan / property: __________________________________________
Draw reference: _________________ Review date: _______________
Reviewer: _______________________________________________

1. Confirm the starting point

• Correct loan, borrower, and property.
• Current approved budget version identified.
• Prior disbursements and outstanding approved commitments reconciled.
• Current request mapped to approved categories.

2. Review the request and evidence

• Requested amounts and total reconciled.
• Required invoices, progress evidence, and inspections reviewed.
• Duplicate or previously funded items considered.
• Applicable lien, retainage, and release conditions addressed.
• Exceptions and missing information documented.

3. Record the decision and follow-through

• Approved amount and conditions recorded.
• Reviewer and decision date identified.
• Actual disbursement recorded separately from approval.
• Budget and loan records reconciled after release.

Notes and outstanding conditions