Uncategorized

2016 has been an exciting year for QuickDraw Fund Control. Our client base continues to expand into new territories and our scope of projects keeps getting bigger with each passing month. We have many great commercial and residential construction projects currently in development, as well as several more on the horizon.Read more

QuickDraw Fund Control has many great partnerships with leading lenders and banks, and we’re proud to announce our latest collaboration. We have partnered with Citizens Business Bank, one of the premier banks providing financial services for a variety of different industries throughout Southern California. Read more

Recently, we had the pleasure of attending the 29th Annual Lenders Conference, hosted by the California Bankers Association (CBA) in Rancho Mirage, CA. It was a great event attended by leaders in the lending industry, including chief lending officers, chief credit officers, credit administrators, loan administrators, and other key lending executives.Read more

The housing market is continuing its recovery. A recent article published by the National Association of Home Builders (NAHB) and First American Leading Markets Index (LMI) shared the results of their study of approximately 340 different metro areas. Real estate economy experts studied the performance of these housing markets over the fourth quarter of 2015.Read more

There is much excitement around the development of Mission Grove Business Park in Ontario, CA. This 15-acre complex near the Ontario International Airport is currently under construction and is expected to bring hundreds of jobs to the city.Read more

QuickDraw Fund Control recently completed a major home renovation project in the Mid-Wilshire/Hancock Park area of Los Angeles. This stunning home on 516 South Hudson Street is proof positive that when all the factors are working together between the lender, builder and fund control companies, amazing things can happen.Read more

When you are looking to hire a fund control company to help manage your construction loans, there are several things you need to look for. You want to work with a company who is experienced in dealing with these types of loans and knowledgeable of the finer points of construction project management.Read more

Before you can issue a construction loan, you must do your due diligence in reviewing every aspect of the project, the borrower’s portfolio and the proposed budget. Without detailed and complete due diligence, it increases your risks and leaves uncertainty on the table.Read more

Oftentimes when banks loan money to consumers, they have no idea what type of customer they are getting. Will they make payments on time? Keep the job on schedule? Are they honest and trustworthy? This is where QuickDraw Fund Control can offer assistance. Read more

As the economy continues to rebound, the construction market is progressively getting busier. Although this is exciting news, there are some downsides to it. Due to the overwhelming amount of permit and building requests, cities are backlogged in their approval process, which slows things down quite a bit. Read more

In recent years, QuickDraw Fund Control has expanded from one market into five. We have seen 500% growth from our earliest days of operation and continue to experience double-digit growth year over year. So how did we do it? Much of this growth is contributed to a service-oriented approach to borrowers.Read more

When lenders issue a Construction Loan, how do they know that their money is being used for its intended purpose? Though it happens infrequently, and it is illegal, proceeds can be used for other purposes. This is where working with a fund control company is beneficial. Read more

When the Great Recession hit in 2009, the construction industry took a huge blow. With homes foreclosing and major companies filing bankruptcy left and right, there was no demand for new construction projects or remodels. However, as the economy rebounds, the industry continues to gain strength. Read more

When overseeing several construction projects, choosing a competent and qualified fund control company to manage fund disbursement can prove to be particularly beneficial for lenders. Read more