You will deposit the renovation funds in an escrow account at the time of closing.
The 1st draw (1/3 of repair funds) is requested via email and authorized by you to be released upon closing. This ensures that work can begin immediately.
Approx 4-5 weeks into the renovations, we provide you with progress pictures of the renovations and request the 2nd draw (another 1/3 of repair funds).
The 3rd and final draw is requested upon completion of the renovations. Someone from our team will inspect and take final pictures of the renovations. These completion pictures are sent to you at the time of the final repair draw request.