Overview
Lakeview Commons 6-Lot Development · 8800 & 8802 Lakeview Commons Dr, Houston TX · GC: Summit Ridge Builders · Lender: First Gulf Bank
2/6 reconciledOpen Finance Manager
Project billed
$1,499,000
5 owners · all phases
Deposits received
$1,176,900
79% of billed
Balance before draws
$322,100
gross of bank financing
Open draws
1
Draw #4 · $28,400
Deposits vs balance owed — by owner
$450k
$400k
$350k
$300k
$250k
$200k
$150k
$100k
$50k
$0k
Avery
Melissa
David
Sofia
Nikhil
DepositedBalance (gross)
Open Owner Billing Budget & risk alerts
2 warning
warnUnapproved extra· Lot 4
CO-103 “Relocate exterior hose bib per owner request” ($680) is pending approval — confirm cost backup before the work bills.
warnUnapproved extra· Lot 6
CO-104 “Additional recessed lighting, living + primary” ($1,520) is pending approval — confirm cost backup before the work bills.
info2 payments without an invoice on file· Portfolio
$28,400 in vendor/subcontractor payments have no matched bill — link the vendor invoice to each on the Bills tab so the spend has backup.
Scope of Work
$1,095,800 contracted29% complete3 in progress1 excluded
| Scope item | Category | Scope | Vendor / sub | Cost | Status |
|---|---|---|---|---|---|
Site clearing, grading & utilities Clear, rough-grade, and trench water/sewer/electric service for all 6 lots. | Sitework | Project-wide | Summit Ridge Builders | $112,000 | Complete |
Engineered slab-on-grade foundations Post-tension slabs per sealed engineering, all lots. | Foundation | Project-wide | Summit Ridge Builders | $238,000 | Complete |
Structural framing & sheathing Complete wood framing, roof trusses, and exterior sheathing per plan set. | Framing | Project-wide | Summit Ridge Builders | $364,000 | In progress |
Rough & finish electrical 200A service per unit; rough-in, trim-out, and fixture installation. | Electrical | Project-wide | Bluebonnet Electric | $168,000 | In progress |
Rough & finish plumbing DWV, supply, gas, and fixture set per unit; includes water heaters. | Plumbing | Project-wide | Pinewood Plumbing | $156,000 | In progress |
Lot 5 primary-bath upgrade Frameless glass shower per approved CO-101. | Interior Finishes | Lot 5 | TrueLine Cabinets | $9,800 | Planned |
Front-yard landscaping & irrigation Sod, shrub package, and irrigation at front yards; rear yards excluded per contract. | Landscaping | Project-wide | Summit Ridge Builders | $48,000 | Planned |
Lot 1 bedroom carpet substitution Carpet-for-LVP substitution rejected (CO-105) — original LVP scope stands. | Interior Finishes | Lot 1 | TrueLine Cabinets | TBD | Excluded |
Top action items
3 highhigh
Portfolio · Collect outstanding owner balances — $322,100 owed project-wide; Sofia ($109.6K) and Avery ($106.0K) are the largest
high
Lot 5 · Draw #4 package ($28,400) awaiting borrower signature — follow up with Sofia Rivera
high
Lot 2 · Match duplicate $1,842.50 cabinet-hardware card payment (two log entries 04/18/26, one bank deposit)
normal
Lots 4 & 6 · Building Final scheduled Jul 1–2 — confirm driveway flatwork completes this week
normal
Portfolio · Quarterly lender site visit — compile progress photo set for First Gulf Bank
Reconciliation status — all 6 lots
Lot 1 · Avery Whitfield
Not started
Not started
Lot 2 · Melissa Chen
Reconciled
Reconciled
Lot 3 · Avery Whitfield
Not started
Not started
Lot 4 · David Okafor
Reconciled
Reconciled
Lot 5 · Sofia Rivera
In progress
In progress
Lot 6 · Nikhil Patel
In progress
In progress