Confusion on how HML dispense loans for rehab

[Adrian Hollifield]

Hi everyone,

I'm looking to use a HML to fund the rehab and 70% of the purchase price of a SFH. My contractor has given me his bid and asked for 25% upfront payment to start work. Here is where my confusion is. Will the HML disperse the whole loan amount to me at the beginning? Or will they break it up into increments? I want to know how the money is typically broken up so that I can pay the 25% to the contractor. Is it different for each lender? If anyone has experience with this I would greatly appreciate it.

Thanks in advance for all your help!