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Draws
First Gulf Bank construction-loan advances that fund the build of your lot. Tap any draw to see what it covered. Separate from your payments to EPEX.
$316,000 of $520,000 advanced
Lot 1 & 3
60.77%
DrawAmountCumulative
Draw #1$74,000$74,000 cum
What this draw covered
| Work | Amount | % |
|---|---|---|
| Earthwork | $18,000 | 24% |
| Site utilities | $12,000 | 16% |
| Foundation | $38,000 | 51% |
| Mobilization / site security | $6,000 | 8% |
| Total | $74,000 | 100% |
Draw #2$128,000$202,000 cum
What this draw covered
| Work | Amount | % |
|---|---|---|
| Framing | $96,000 | 75% |
| Roof dry-in | $22,000 | 17% |
| Builder's fee | $10,000 | 8% |
| Total | $128,000 | 100% |
Draw #3$114,000$316,000 cum
What this draw covered
| Work | Amount | % |
|---|---|---|
| MEP rough-in | $54,000 | 47% |
| Insulation & drywall | $34,000 | 30% |
| Exterior siding & paint | $26,000 | 23% |
| Total | $114,000 | 100% |