At QuickDraw Fund Control, we like to keep tabs on the trends that are affecting builders in the markets we serve. Some of the biggest news in 2022 has been the increase in mortgage interest rates. The average 30-year fixed mortgage rate is up by more than two percentage points since the beginning of the year, a fact that is seriously undercutting the purchasing power of homebuyers across the country. After spiking to well over 6% in June, rates have again shifted upward. According to data from S&P Global, the average interest rate for a 30-year fixed mortgage in October 2022 is 7.16% to 7.26%.Read more
September 12, 2022
QuickDraw Fund Control
standart
At QuickDraw Fund Control, we understand that the fund control process can seem complicated, but actually, it is not. That’s why we provide professional and reliable guidance for our clients throughout the entire project. We process draw requests, perform Site Inspections and make sure that you are kept updated along the way.Read more
June 16, 2017
QuickDraw Fund Control
standart
Invoices are a very important component of the fund control process. They are legal documents that show precisely what has been completed in the field. QuickDraw Fund Control depends on timely and accurate invoices during draw requests. An invoice helps the lenders to determine if a particular line item draw request is approved and monies can be released for funding.Read more
June 9, 2017
QuickDraw Fund Control
standart
If you are on the hunt for a fund control company to handle key duties during a construction loan, it pays to ask the right questions. This will help you find the right fund control company to protect your best interests and help make the process go as smoothly as possible for everyone involved.Read more
May 22, 2017
QuickDraw Fund Control
standart
Construction has been progressing on a new multi-tenant commercial construction development in Victorville, California. Ultimately, the property will house several popular restaurant chains. QuickDraw Fund Control is excited to be involved in the construction project. We’ll be providing site inspection services throughout the duration of development.Read more
May 11, 2017
QuickDraw Fund Control
standart
The brand new home located at 12090 Chalon Road in Los Angeles just recently went on the market at a listing price of over $5.7 million. This home is situated in the upscale community of Brentwood, just north of the world-famous Sunset Boulevard and right below the Getty Museum. Read more
May 9, 2017
QuickDraw Fund Control
standart
At 320 North Gunston Drive in Los Angeles, there sits a spectacular brand new home in the gated community of Brentwood Circle. This exclusive residence represents one of the most expensive custom home construction projects that QuickDraw Fund Control has provided cost review, inspection and fund control services. The home is currently listed for $12,950,000.Read more
May 3, 2017
QuickDraw Fund Control
standart
Since the projects beginning in 2015, QuickDraw Fund Control has provided inspection and fund control services for the Mission Grove project, a new light industrial facility in Ontario, California. The five-building, concrete tilt-up project is located on 14 acres of land, stretching over 500,000-square feet, with construction currently in progress. Read more
April 10, 2017
QuickDraw Fund Control
standart
At QuickDraw Fund Control, one of the most important services we provide is processing releases. Because it’s such an important part of processing Draw Requests, we thought it’d be a good idea to share a review of QuickDraw’s release process. Take a look!Read more
April 4, 2017
QuickDraw Fund Control
standart
At QuickDraw Fund Control, we understand that lenders have a lot on their plate. With so many responsibilities to tend to, it is our mission to make their job easier. We do this by helping lenders navigate through the construction process. Read more
March 21, 2017
QuickDraw Fund Control
standart
Last week, we talked about some of the most common questions QuickDraw Fund Control gets when talking with lenders. But another popular question topic we receive centers around where we work. Oftentimes, prospective clients want to know about what areas we serve and how our team services such a variety of geographic regions throughout the country.Read more
March 10, 2017
QuickDraw Fund Control
standart
At QuickDraw Fund Control, our company’s goal is to reduce construction loan risk, facilitate the quick deployment of capital and provide the lender’s client with superior service. In order to do this, we create well-developed and customized services for all our clients. Interested in knowing what services we can provide?Read more
March 8, 2017
QuickDraw Fund Control
standart
In September 2016, QuickDraw Fund Control started its relationship with a new lending client, Fortis Capital Group, LLC. Fortis is based out of Newport Beach, California and has a strong reputation as a fast and reliable hard money lender. Read more
February 22, 2017
QuickDraw Fund Control
standart
We are excited for our client, Partners Capital Solutions, who recently closed two Construction Loans on two different multi-family residential development projects in Los Angeles. QuickDraw has been tapped to provide Fund Control and Inspection Services for their new Borrower, Modative.Read more
February 17, 2017
QuickDraw Fund Control
standart
Construction is now underway on a new multi-family development project in the heart of Koreatown, near Downtown Los Angeles. The property will feature 20 residential condominium units and provides two levels of parking. The project is being spearheaded by JK Development.Read more
February 15, 2017
QuickDraw Fund Control
standart
QuickDraw Fund Control recently signed on to handle the fund control and on-site inspection services for a massive new multi-family residential construction project in Ontario, California. Known as Hallmark, this project will be a four-story, two-building, 75-unit complex that also features a beautiful community pool and recreation center. It will have one- and two-bedroom units designed with the latest architecture and stunning interior design elements.Read more
January 12, 2017
QuickDraw Fund Control
standart
Recently, a complete remodel and renovation was completed on a beautiful custom home in Southern California’s Laurel Hills, Los Angeles neighborhood. 2737 Edwin Place quickly sold for $5,550,000, in only sixty days the project was completed.
Read more
January 3, 2017
QuickDraw Fund Control
standart
Our main objective at QuickDraw Fund Control is to properly disburse and protect the lender's construction loan proceeds. From a construction loan’s beginning, it is critical that the workflow is executed correctly throughout the process. From cost reviews prior to approval through fund disbursement schedules during construction, QuickDraw helps cover all the details.Read more
December 9, 2016
QuickDraw Fund Control
standart
Recently, Greg Norris and Tobi Nieland of QuickDraw Fund Control attended the annual California Bankers Association (CBA) conference. One of the biggest topics of discussion was about how well the housing market is expected to do in 2017.Read more
November 28, 2016
QuickDraw Fund Control
standart
The National Association of Home Builders (NAHB) released their third quarter indexes for 2016. One of the most notable increases was in the Remodeling Market Index (RMI), which measures current activity in the remodeling market while also providing indicators of the market’s future.Read more
November 15, 2016
QuickDraw Fund Control
standart
The National Association of Home Builders (NAHB) recently released its third quarter indexes and reports have been fairly positive across the board. One of the most important measurements those in the home building industry look at is the National Association of Home Builders/First American Lending Markets Index (LMI).Read more
November 8, 2016
QuickDraw Fund Control
standart
In September, construction began on a new residential project for QuickDraw Fund Control. The multi-level, 9,000 square foot custom home is located in the Post Office neighborhood of Beverly Hills, on Beverly Crest Drive. This hillside property’s prime location features expansive views of the Los Angeles Basin. The modern architectural design, led by ID Group, will feature designer finishes and state-of-the-art elements, such as a structural pool and Jacuzzi, and a massive deck that will showcase the property’s stunning views.Read more
October 25, 2016
QuickDraw Fund Control
standart
In early October, construction broke ground on a new commercial project in Phoenix, Arizona. QuickDraw Fund Control is providing Inspection and Fund Control services for this exciting and beautifully detailed development.Read more
October 14, 2016
QuickDraw Fund Control
standart
Did you know that October is Careers in Construction Month? That means that builders all over the country are proactively seeking experienced construction workers and skilled craftsmen to join their teams. From residential to commercial to industrial, construction is back on the rise and now is a fantastic time to consider a career in that field.Read more
October 1, 2016
QuickDraw Fund Control
standart