Quote from @Erik Estrada: Hi Joven, I do agree that their draw process is very standardized, which does not help investors get draws quickly.

Since you will be using the funds for construction, you will most likely be paying in draws as the work is completed, so you can draw on the line in similar fashion.

Your friend might also want to enlist a construction management company to manage draws and perform inspections to ensure your project is progressing according to plan.

I for sure, for sure, for sure would have an attorney draw up the paperwork the first time and maybe use that as a template for each lender, just changing the names, addresses and amounts, etc.

I could draw you a map of Sacramento sometime :-)Hey Noah, would you be open to sharing that map?

absolutely will. most go up to $3M without proper approval.When we do deals like this, we structure them as construction loans where you will have borrower draws.

The previous owner who was planning to make a pet hospital had some of the drawings and plan done on this old building.The previous owner also had no plans for addition or extension of the existing building since it requires zoning of a plot which is more time consuming process based on the feedback I received from county and a couple of civil engineering firms that I reached out to.I was provided the following list for civil engineering work.Pre-construction phase1.

They're reputable but I'd be happy to draw up a quote for you to compare side by side.  

I'm interested in learning more about STR's.Outside of real estate, I enjoy healthy aging, drawing, travel and the outdoors.Excited to learn and connect with you all!

I got a rehab loan for a flip from a friend for 9%, no draws, and got all the cash upfront to finish the project.