We will send you a “Construction Draw Request Form to sign off on with all the invoices and receipts applicable to the draw.
Once you have pictures in CompanyCam, have submitted the request in Baseline, have sent invoices and receipts, and have signed off on your draw, you will be wired your money.
CompanyCam Setup
You must have CompanyCam on your phone and you must take pictures through the app to get funded on your draws. You have to set it up as instructed in the video.
Play Video
New Project
Baseline is our lending portal, log in to your account and start a new loan application.
Cove Lending will review and send Terms Sheet, if proceeding.
Once final terms are arranged, we will send property specific documents for signature.
Terms Sheet
Proof of Insurance Acknowledgement (listing Cove Lending, LLC as loss payee)
ACH Authorization (for payments)
Sworn Construction Statement (if we are funding the rehab)
Draw Process
To get funding for a draw, we need the following:
Pictures in CompanyCam
Draw Requested in Baseline
Email to Kristi with Invoices & Receipts
CompanyCam Setup
You must have CompanyCam on your phone and you must take pictures through the app to get funded on your draws. You have to set it up as instructed in the video.
We will send you a “Construction Draw Request Form to sign off on with all the invoices and receipts applicable to the draw.
Once you have pictures in CompanyCam, have submitted the request in Baseline, have sent invoices and receipts, and have signed off on your draw, you will be wired your money.
