Mixed-Use Developer Approves Draws in 5 Days on $420M of Active Projects

A West Coast developer with $420M of active construction across six mixed-use projects was approving draws from stale PDF packages. Lender disbursement took an average of 19 days from submission, and retainage exposure was invisible to treasury until month-end. Two projects triggered senior-lender holds inside the same quarter after lower-tier lien claims surfaced that had been invisible in the draw package.

Subcontractor Audit ran as the money layer across the portfolio, with a direct lender view into draw readiness, compliance, and the full lien-waiver chain. Each draw package was assembled automatically from the live project ledger and delivered to the owner and senior lender simultaneously. Evidence for every line item was one click away.

Four-eyes controls on disbursement and threshold-triggered third reviewers were enforced by the platform. The operating team produced a weekly capital report to the developer's CFO office and monthly evidence bundles to the senior lender.