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Integrity Fund Control maintains a full-service disbursement program to efficiently manage and process construction progress draw disbursements and draw requests quickly and accurately. Comprehensive accounting and streamlined communication services include disbursement processing, title search, inspection report, lien waivers, and escrow accounting.
Annmarie Lemento will be participating as a speaker at IMN’s upcoming Winter Forum on Real Estate Opportunity & Private Fund Investing, this January 17-19 at the Montage in Laguna Beach, CA.
Known as the ultimate CRE kickoff event of the year, this is your chance to stay ahead of market trends, seize investment opportunities, and gain actionable insights to propel your business in 2024.
Save 20% on your ticket by using my discount code SP20 at the last step of the registration process: https://events.imn.org/lMGZNB?RefId=spk
*please note the discount is only valid for new registrations.
Over 1,000 CRE professionals, including Institutional Level Real Estate PE Fund Managers, Family Offices, Owners/Operators/Developers, Lenders, and various Service Providers, will covene at the stunning Montage Laguna Beach Hotel for 2.5 days of learning and networking.
Integrity Fund Control maintains a full-service disbursement program to efficiently manage and process construction progress draw disbursements quickly and accurately. Comprehensive state of the art accounting and streamlined fund control services include invoice & lien waiver review, inspection report, and disbursement processing.
Single Payee Method process uses a structure that is identical to the A.I.A. G-702, Application and Certificate for Payment. The general contractor provides the borrower with a comprehensive package including all invoices, releases, etc. The owner reviews the request, approves it, and forwards it to our office. Our team will then review the documentation and forward the approved draw to the you the lender.
One check is issued to the general contractor for the net amount of the draw. The general contractor is responsible to pay the various subcontractors and suppliers that were included in the draw request. Before the next draw request is processed the general contractror is required to provide unconditional releases from those subcontractors and suppliers. No future disbursement is granted until proof of disbursement is confirmed through releases.
Controlled Draw service provides disbursments to subcontractors and suppliers directley. The sub contractors and suppliers complete submit invoices and releases to the general contractor . We write and mail the check directly to the payee.
Disbursement requests are submitted to us by the general contractor and owner. The request is reviewed by our team and forwarded to the lender for funding. Checks are issued to payees as specified by the general contractor once funds have been received.
