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Updated almost 9 years ago on . Most recent reply

HML Draws
So I contacted a couple HML's and one of them indicated that they require you to pay the rehab costs upfront, per a draw schedule and % of completion, they will inspect and approve and reimburse.
Do all HML's have this requirement?
Thinking more about it, I assume they have maybe 3-4 inspections, to in effect you will only be out 1/3 of the rehab costs at any point in time. Is this a correct assumption?
Thanks!