Funding construction in stages
Illustrative example — not a real client result
Aligning proposed drawdowns with the project's progress.
The challenge
A property owner needs to understand how construction payments could be funded as work progresses.
The approach
- Review the building contract, approvals, budget and proposed construction stages.
- Discuss progress inspections, drawdown conditions, borrower contributions and contingency funding.
- Map the proposed repayment or refinance position at completion.
Example outcome
This example identifies the timing and funding questions that should be addressed before construction starts.
Progress payments remain subject to facility conditions and lender assessment; cost overruns need separate consideration.