Construction Draws
Our draw process is designed to be straightforward and efficient, ensuring that you have access to the funds you need without delay.
Setup Your Account – 5 Minutes
After closing, you will be sent a link to setup your Sitewire account. Simply follow the on-screen prompts to log in and download the app.
Create your Draw – 15 Minutes
With the Sitewire app, you can easily request items for funding, capture and upload photos and videos directly, and submit everything seamlessly in one place.
Get Your Funds! – 24 Hours
An inspector will carefully review your submission and request any additional details needed to move forward. Aloha will conduct a final review and confirm the approved amount with you. Once we receive your confirmation to proceed, the funds will be wired within 24 hours.
Aloha Draws FAQ's
If your concern isn’t addressed by the information below, feel free to contact us directly. We’re always happy to assist you!
What is a draw?
A draw is the method through which you receive funds for your fix-and-flip project. As your renovation progresses, funds are disbursed in phases, aligning with the milestones achieved onsite. This progress is confirmed through inspections to ensure everything is on track before the next portion of funds is released.
How do I request a draw?
You can submit a request through the SiteWire app.
Who can I contact about draws?
You can contact our draws team at Draws@alohaprivatelending.com.
I’m having troubles with Sitewire, who can help?
For assistance with the site/app, please reference the Sitewire guides above or contact Sitewire directly at support@sitewire.co. Be sure to include your property address and phone number in your email to ensure prompt support.
Who conducts the inspection for draws?
You! Capture photos and videos directly within the app, submit them instantly for review to a General Contractor, and manage the entire draw process right from your phone. No more delays or waiting for inspectors to arrive onsite – you’re in control, handling everything quickly and efficiently.
Will I be reimbursed for materials that I’ve already paid for?
Aloha will offer partial reimbursement for materials once verified onsite via inspection. Reimbursement for appliances will be processed after installation is complete. See reimbursement guidelines here.
How can I utilize the contingency funds that are built into my budget?
Contingency and G/C Fees will be disbursed in alignment with the project’s overall completion. For instance, if your project is deemed 25% complete after inspection, 25% of contingency and/or G/C Fees will be released.
What is considered a soft cost?
Permits, Architect fees, Engineering Fees, Design Fees, Survey Fees, Abatement, etc.
When is proof of payment required?
Proof of payment is required for soft costs, individual line items over $25,000, and occasionally upon request by Aloha.