What is breaking on your capital stack today.
Every draw you fund is a transfer of capital against a packet of evidence. Pay apps, waivers, COIs, inspection reports, change orders, signed G702s. On a mid-size project, that packet runs 600 to 1,000 pages. Your asset manager reviews it in eight hours, flags a handful of items, and authorizes the release. The process looks disciplined. It is not. It is performative.
Nobody on your team can meaningfully audit 900 pages in eight hours. So the review defaults to pattern-matching. The numbers look right. The GC is the GC you trust. The waivers look familiar. Ship it. A year later a supplier files a bond claim or a lien, and the chain of evidence is a shared drive with three different versions of the same waiver. The deficiency is yours.
Worse: you have no portfolio view. You know your exposure on the mixed-use project downtown. You have no idea how many of your active projects share the same five subs with borderline insurance. No idea what your aggregate retainage release looks like next quarter. No idea which GC is front-loading and which is stable. You are flying ten projects on instruments that were designed for one.
And when your lender or surety asks for an evidence package, your team spends two weeks stitching it together. That is time your CFO should not be spending on audit fulfillment. It is also the single biggest drag on your next facility.
Why this is not a PMIS problem or a fund-admin problem.
PMIS tools (Procore, PlanGrid) manage the project. Fund admins move the money. Neither of them owns the shared record between you, your GC, your lender, and your surety. That gap is where the lien risk lives. The Construction Clearinghouse is a new category: a clearinghouse in the DTCC sense, a regulated-finance rail where every counterparty transacts against the same ledger. It sits across your existing stack. It does not replace it.
What changes for the owner team.
- Live draw package, not a month-old PDF. Every line traces to an approved pay app, a signed waiver, a validated COI, and a specific line on the schedule of values.
- Portfolio-level exposure in one view. Sub concentration, retainage release schedule, compliance breadth, cash-cycle by project. One screen. Updated in real time.
- Audit and surety requests answered same-day.Exportable evidence bundles per draw, per borrower, per project. Auditable by line, not by binder.
- Anonymized Alliance benchmark data. How your projects compare against peers on cash-cycle, compliance breadth, and cost per draw. Private, aggregated, contributed.
- A lender-ready evidence export. Your next construction facility renewal goes in with a data package no competing borrower can match.
- Multi-owner and multi-lender approvals. JV structures with co-owners and syndicated debt workflows built in, not bolted on.
The Portfolio offer. Anchored on the Builder guarantee.
Portfolio is priced at $96,000 per year plus 0.05 percent of routed volume. It includes everything in the Builder tier, so your GC partners come along with you under the Cash-Cycle Guarantee if you bring them in. That is 15 days off their cycle on your projects, or the platform is free and we wire them the platform stays free. The economics of that bleed directly into your return profile.
Builder stack value components (included when your GC is on Builder under your Portfolio seat): white-glove onboarding ($15K), COI amnesty cleanup ($12K), unlimited waiver generation ($8.4K/yr), draw-package audit service ($9K), direct founder Slack line ($18K), Capital Readiness Report ($7.5K), same-day lender evidence export ($6K). Roughly $85K of stacked value on the Builder side, plus the Portfolio-specific analytics and Alliance benchmarks on top.
Three guarantees.
- 60-day unconditional money-back. If Portfolio is not a fit in the first 60 days, full refund.
- Self-Funding Guarantee (for GCs under your seat).15 days off the cycle by draw three, or free until we hit it plus the platform stays free.
- The take-away. We accept a capped number of Portfolio applicants per quarter. This is not a form to fill out. It is an application to be approved.
What design partners are saying.
“For the first time I can see the project's financial state in real time, not at month-end when corrections are expensive. The surety package that used to take us three weeks now takes one afternoon.”
“When our surety asked for the audit package last quarter, we delivered it the same day. Our lender cut 25 basis points off our next draw facility on the back of it.”
The ask.
Apply for a 60-minute working session. Bring one live project. We run the Clearinghouse against your real draw data on screen. You leave with a Capital Readiness Report whether we end up working together or not. If we accept your application, you start on Portfolio, your GCs come in under Builder, and the guarantees do what they say.
P.S. The next construction default in your portfolio will not surprise your asset manager. It will surprise you. The Clearinghouse is the signal you wish you had on the last one.