One of the questions we are asked most often “How long does it take for my draw to fund?”
By the time QuickDraw receives a draw request, it was hot two weeks ago. General Contractors, Subcontractors and Suppliers rely on receiving payment in a timely manner, and they absolutely should as they have earned that money.
How do we help them?
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November 25, 2024
Greg Norris
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Why do institutional banks, private lenders, grant administrators, investors and owners engage QuickDraw’s services?
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October 10, 2024
Greg Norris
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What everyone who has never built a project does not understand is that your destiny is in the hands of so many others. From Cities, Counties, Fire Departments, Neighborhood Councils, Water Districts, School Districts, Planning Departments, Subcontractors and the like all affect the cost and time it takes to approve and build a project.
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September 4, 2024
Greg Norris
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In Part 1, we exposed the shocking escalations in construction costs that developers are grappling with. Now in Part 2, we explore the declining sales, local factors, and how pivoting business models may be the key to making it through this crunch.
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April 26, 2024
Greg Norris
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In this two-part interview series, we go behind the scenes with a seasoned developer of single-family tract homes in Southern California. Despite facing intense headwinds, their ability to quickly adapt has been vital for survival. Part 1 dives into the harsh realities of rising construction costs across all major trades.
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March 29, 2024
Greg Norris
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Greg Norris, principal and president of QuickDraw Fund Control, made news in August when he was featured as a “Private Lending Titan” in the most recent edition of Originate Report magazine. The magazine is distributed via print and digital media to more than 30,000 loan originators, lenders, investors and other professionals in the non-conventional lending industry nationally.Read more
September 22, 2021
QuickDraw Fund Control
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With so many people working and schooling at home since the pandemic began, the demand for more living space and bigger yards has grown to epic proportions. Historically low-interest rates have added to housing demand — driving swarms of first-time buyers out of cramped apartments and into the marketplace and making move-up buyers all the bolder in their quest for bigger houses.Read more
July 22, 2021
QuickDraw Fund Control
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After reaching historic highs during the pandemic, lumber prices are finally trending downward.
A combination of factors, including mill shut-downs, tariffs, massive forest fires that burned future stock and the demand for new housing, renovations and other at-home projects, have all contributed to the unprecedented demand for construction-grade lumber since mid-2020. Read more
July 2, 2021
QuickDraw Fund Control
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Since the start of the pandemic, pet adoption rates have soared as people have turned to animals for much-needed companionship and emotional support. The nonprofit Society for the Prevention of Cruelty to Animals Los Angeles reported that adoptions were double their usual rate in late June 2020, prompting waiting lists for puppies and certain dog breeds.Read more
May 7, 2021
QuickDraw Fund Control
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The inverse curse: COVID-19 infections are trending downward amid sharply rising building costs. “It’s really bad.”
The Custom Home Builder’s View
“We still have COVID-19 issues — they’re not as bad as they were 30 to 60 days ago. The biggest issues are material pricing,” said a Los Angeles-based contractor and QuickDraw client when we spoke to him fresh on a Monday morning. Read more
February 22, 2021
QuickDraw Fund Control
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QuickDraw Fund Control, a leading provider of construction fund management, recently expanded services to Sacramento, California, in response to the increasing demand for housing in the region. At the helm is Relationship Manager Steve Board, who has been performing draw inspections with QuickDraw for more than eight years.Read more
February 18, 2021
QuickDraw Fund Control
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Dawn Killough, author of “Green Building Design 101” and construction writer for one of the building industry’s largest content resources, Levelset, recently asked QuickDraw Fund Control Relationship Manager Steve Board to lend his expertise to her blog entitled, “What is a Construction Draw Inspection?”.Read more
October 29, 2020
QuickDraw Fund Control
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Post-COVID-19 Strategy: Aim Low
Content for this edition of “Feet on the Street” comes from an interview with Mr. Kam Takhar, a good friend, terrific client and principal of Crowne Development, Inc. — a leading homebuilder located in Yuba City, California. As always, we hope you enjoy!
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October 27, 2020
QuickDraw Fund Control
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In the midst of 2020’s many uncertainties, one thing is holding steady: the housing market. Read more
October 2, 2020
QuickDraw Fund Control
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The housing market is being touted as the “bright spot” in this uncertain pandemic economy, as record-low interest rates make home buying affordable for consumers.Read more
September 30, 2020
QuickDraw Fund Control
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For those of us in the housing market who remember the Great Recession, the global pandemic has been a nail-biter. The typical pattern during a recession is that as incomes decline, fewer people buy homes. Since fewer people are buying, fewer homeowners list their homes for sale. The market slows, and sellers may even lower prices to attract buyers or move their homes faster. Read more
September 16, 2020
QuickDraw Fund Control
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It’s all Surging: Homes Sales and Suburban Sprawl, COVID-19, Material Prices and Looming Shortages
For this edition of Feet on the Street, our content comes from multiple companies within and around the building industry. We hope you enjoy!Read more
August 10, 2020
QuickDraw Fund Control
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It’s like navigating a shipping lane, and your GPS went out. You know where you are and where you’re going, but the map and weather forecast are gone. Everyone’s trying to figure it out.
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May 18, 2020
QuickDraw Fund Control
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Like politics, all market conditions and construction progress are local.
This week, we continue to provide information, new trends and real-time updates to what we saw and learned across different construction platforms and locations.
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April 21, 2020
QuickDraw Fund Control
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It has been another fluid week of firsts.
We saw firsthand and spoke with clients in Washington, Ohio, Nevada and California.
In California, a series of rainstorms dropped record amounts of April rain, which unfortunately impacted construction progress.Read more
April 13, 2020
QuickDraw Fund Control
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When news of the virus emerged, our phones starting ringing with calls from our Lender clients. Like all of us in our respective spaces, they wanted to know what was happening in the field and what QuickDraw Fund Control was seeing firsthand.Read more
April 7, 2020
QuickDraw Fund Control
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Greg Norris, Principal and Founder of QuickDraw Fund Control, an industry-leading Los Angeles-based firm providing fund control services for commercial and residential projects, has committed to serving as a board member for three years on the BICA Board of Directors, a Rancho Cucamonga-based company providing credit services to the construction industry, in a business development capacity.Read more
February 4, 2020
QuickDraw Fund Control
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When I turn on my computer and read the news of the day, it’s very difficult to make sense of all the different and conflicting stories about the economy and what part of it affects my business. It can be confusing and perhaps because we find ourselves, yet again, in uncharted waters.Read more
August 23, 2019
QuickDraw Fund Control
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Every construction project requires many different team players, including lenders, borrowers, contractors, subcontractors, buyers and title insurers. Title insurers play a unique role throughout the process, providing protection for lenders and buyers. Recent changes in title insurance coverage have impacted the financial side of projects — for the better.Read more
July 16, 2019
QuickDraw Fund Control
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Lenders, borrowers and builders have been keeping a close watch on tariffs — and threats of tariffs — on building materials like lumber, steel, granite and marble. Just last month, “import taxes on $200 billion of Chinese goods jumped to 25%,” reports The Associated Press. In the construction industry today, the question on everyone’s mind is, “How will these tariffs impact me and what can I do about it?”Read more
July 5, 2019
QuickDraw Fund Control
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