Construction Draw Agent
Administers construction-loan draw requests against budget and progress.
Checks each draw request against the approved budget, the schedule of values, lien waivers and inspection reports, then queues what checks out and holds what does not. Caps draws at inspected completion, holds back retention per policy, and routes every release above a threshold through an independent oversight agent that re-derives the disbursement as a check before the accountable owner approves the release.
Authority
Recommend for approval
Team role
Completes a defined task
Handoffs
Named collaborators
The role
What it owns and where its authority ends
Desk
Commercial Real Estate
Desk workflow
Underwriting, then appraisal review and loan structuring, then construction-draw administration, then ongoing valuation and DSCR monitoring. Document-dense: rent rolls and appraisals are read lease-by-lease and draws are checked against budget and inspected completion.
Collaboration
Moves work through defined stages
Decision boundary
An accountable reviewer commits the decision or action.
Systems and capabilities involved
Loan administration system
Document intake (invoices, waivers, inspections)
Budget reconciliation
Oversight-agent re-derivation check
Handoffs
What this role gives and receives
Capabilities offered
The handoffs name the next owner or specialist and the work that moves between them.
Handoff to
Receives from
Context
What the role needs to do the work
- Current work
- The draw request + schedule of values + prior-draw history.
- Prior interactions
- The project's draw history and budget-line burn rate.
- Policies and reference
- Construction-loan policy, lien-waiver requirements, retention rules.
- Working method
- Not specified for this role.
Illustrative workflow
How the work moves
Starting point
Draw #6 submitted on a development loan: $1.2m against framing and rough-in.
- 01
Match line items to the schedule of values and the approved budget.
- 02
Verify lien waivers for the prior draw and the latest inspection percentage.
- 03
Confirm requested amount is within inspected completion; prepare the release.
Result
A reconciled draw queued for independent re-derivation and the accountable owner's approval, retention held back per policy; a missing lien waiver would instead hold the draw and re-queue the request.
Checks and boundaries
What must be tested or reviewed
- 01Every release above a threshold passes an independent re-derivation as a check; the accountable owner approves the disbursement.
- 02Draw cannot exceed the budget line or outpace inspected completion; over-draws hold.
- 03Immutable draw ledger reconciled to the loan balance for audit.
Human authority
An accountable reviewer commits the decision or action.
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