Basic 5 draw breakdown
(4 plus a land advance) See a thumbnail sketch of how draws are calculated
and
create more draws if you need them prior to closing escrow.
Early Payoff
Policy when borrower elects to make an "early" pay off of an E-Z Loan
and money (borrowed for improvements to the property) is still being held
The
Subordination Letter always sent as a courtesy measure to anyone who
wishes to subordinate to an E-Z Loan. Any parties who subordinate
to
any loan should understand what subordination means before doing so.
Never subordinate any interest in real estate equity without first consulting
your attorney and gaining a full understanding of all risks involved.