Anchorage projects demand tight logistics—weather windows, shipping lead times, and crew availability can compress your schedule. Ambition Lending keeps rehab capital flowing with a simple draw framework you can implement immediately.

The Draw Framework That Keeps Crews Moving

Milestone scope. Define clear stages: demo → rough-in (MEP) → drywall/texture → finishes → punch-list. Each stage should have measurable checkpoints (e.g., “electrical rough complete, inspected”).
Photo protocol. Submit wide room shots plus detail close-ups, labeled by room and milestone. A 60–90 second walkthrough video per stage helps accelerate approvals.
Inspector scheduling. Request inspections 24–48 hours in advance. Ensure safe access, utilities on for mechanicals, and a contact on site.

What to Include With Each Draw Request

• Brief progress summary (bullet points tied to the milestone)
• Labeled photos/video and any change-order log
• Invoices/receipts for big-ticket items (HVAC, roof, windows, doors)
• Confirmation that utilities are active for inspections

Common Causes of Draw Delays (and How to Avoid Them)

• Blended milestones. Don’t mix partial rough-in with finish stages; complete a stage before requesting.
• No access/unsafe site. Clear the path, secure ladders and tools, ensure lighting/heat as needed.
• Missing receipts after a scope change. Upload PDFs or clear photos of invoices.
• Utilities off. Keep power, heat, and water on during mechanical inspections.

Anchorage-Specific Tips From Recent Projects

• Order long lead-time materials (windows, exterior doors, HVAC equipment) right after closing.
• Keep a 10% contingency to avoid waiting on a draw to place critical orders.
• Plan for 3–4 draws on a mid-level rehab; fewer, larger releases are usually faster than many small ones.
• Align finishes to neighborhood comps; over-spec’ing in the wrong micro-market slows resale and adds cost.

Budget and Timeline Guardrails

• Pair your ARV with conservative LTV/LTC to control risk and price.
• Schedule subs in a no-conflict sequence (demo complete before rough-in; drywall only after inspections pass).
• Block a weather window for exterior work and have interior tasks ready if storms hit.

What We Need to Issue Terms Fast

Address and photos, purchase contract or payoff (for refi), itemized scope and budget tied to milestones, entity documents and IDs, recent bank statements for down/closing funds, insurance agent contact, and appraisal/BPO access instructions.

Q&A

Can I get an initial materials advance? On some loans—provide invoices/POs for pre-purchased items.
Who pays for inspections? Typically paid at draw and often financeable as part of project costs.
Owner-builder allowed? Case-by-case; major trades typically require licensed subs.

hard money lender in Anchorage