MMeridian Build Finance
Friday, August 14, 2026

Portfolio

Everything happening across every bank, project, draw and payment — and what needs a decision today.

11 On Track3 Need Attention2 At Risk
Active Projects
16
Construction Budget
$15.46M
Loan Commitments
$12.38M
Loan Balances
$5.73M
Available Loan Funds
$6.65M
Cash on Hand
$612K
Reserve target $500K
Draws Next 30 Days
$1.14M
Cash Needed 30 Days
$1.32M

What Needs Attention

Ranked by financial impact. Everything else is running on schedule.

124 Oak StreetAt Risk
Draw #4 at risk

3 lien waivers missing — $22,340 blocked. Funding slips Sept 3 → Sept 6.

3812 Lake TerraceAt Risk
Bank commitment expires in 12 days

Riverbend commitment for $900K expires Aug 26. Closing not yet scheduled.

714 Pine StreetAttention
HVAC $18,400 over budget

Gulf HVAC billed above contract with no approved change order.

892 Magnolia AveAttention
Cash requirement $42,000 above equity plan

Site work overruns pushed required builder equity to $372K.

78 Magnolia CourtAttention
$210,000 equity contribution due

Required before Magnolia State funds the first draw on Oct 2.

Next 14 Days

Financially significant events across the portfolio

Cash flow
  1. Aug 15DeadlinePersonal Financial Statement expiresTerry Tully
  2. Aug 17Inspection6 Live Oak Lane — Riverbend inspectionRachel Kim
  3. Aug 18Draw19 Chestnut Row — Draw #10 submissionLauren Vance
  4. Aug 20Funding19 Chestnut Row — $24,000 expected fundingGulf Coast
  5. Aug 20PaymentWeekly payment run — $312,400 in approvals dueAll approvers
  6. Aug 21Funding2201 Cypress Bend — $41,000 expected fundingDelta First
  7. Aug 23Task124 Oak — PM verification deadline for Draw #4Sarah Ellison
  8. Aug 24Funding6 Live Oak Lane — $63,000 expected fundingRiverbend
  9. Aug 25Funding931 Pine Hollow — $132,000 expected fundingHancock
  10. Aug 26Deadline3812 Lake Terrace — Riverbend commitment expiresDevon Price
  11. Aug 26Funding2840 Belle Chasse — $88,500 expected fundingRiverbend
  12. Aug 27Equity78 Magnolia Court — $210,000 equity contributionTerry Tully

Cash Watch

Rolling 13-week forecast

81%
of reserve
Projected Low Point
$404,000
Week of Sep 21 · $96K below reserve

124 Oak and 931 Pine draw cycles overlap with the equity funding required for 78 Magnolia Court.

Review options

What the Team Needs to Do Today

  • Obtain Delta Plumbing lien waiver — 124 Oak Draw #4
    Sarah Ellison · Today
  • Approve Southshore Electric invoice INV-4118 ($31,840)
    Mike Alvarez · Today
  • Reconcile framing discrepancy on 124 Oak
    Lauren Vance · Today
  • Authorize $27,840 operating-cash payment ahead of draw
    Terry Tully · Today
  • Schedule Riverbend inspection — 3812 Lake Terrace
    Devon Price · Tomorrow

Project Health

All projects

124 Oak Street

Gulf Coast · Mandeville, LA
At Risk
52%
Budget$618K / $1.25M
Loan drawn$575K / $1.05M
Next Draw
$184K
Sep 3
Loan Avail.
$475K
Est. Jan 18
Proj. Margin
$394K
22% of sale
Draw #4 at risk — 3 lien waivers missing

714 Pine Street

Hancock · Covington, LA
Needs Attention
68%
Budget$634K / $890K
Loan drawn$460K / $730K
Next Draw
$97K
Aug 27
Loan Avail.
$270K
Est. Nov 30
Proj. Margin
$245K
20% of sale
HVAC costs $18,400 over budget

892 Magnolia Ave

Magnolia State · Madisonville, LA
Needs Attention
21%
Budget$281K / $1.48M
Loan drawn$253K / $1.15M
Next Draw
$143K
Sep 11
Loan Avail.
$897K
Est. Apr 2
Proj. Margin
$397K
19% of sale
Cash requirement $42K above original equity plan

3812 Lake Terrace

Riverbend · New Orleans, LA
At Risk
8%
Budget$78K / $1.12M
Loan drawn$81K / $900K
Next Draw
$88K
Sep 18
Loan Avail.
$819K
Est. May 20
Proj. Margin
$355K
22% of sale
Bank commitment expires in 12 days

931 Pine Hollow

Hancock · Covington, LA
On Track
74%
Budget$725K / $960K
Loan drawn$554K / $780K
Next Draw
$132K
Aug 25
Loan Avail.
$226K
Est. Nov 6
Proj. Margin
$258K
19% of sale
Draw cycle on schedule · $48K cash needed before next draw

78 Magnolia Court

Magnolia State · Madisonville, LA
Needs Attention
3%
Budget$27K / $1.34M
Loan drawn$0 / $1.02M
Next Draw
$0
Oct 2
Loan Avail.
$1.02M
Est. Jun 15
Proj. Margin
$382K
20% of sale
Equity funding of $210K due before first draw

2201 Cypress Bend

Delta First · Slidell, LA
On Track
91%
Budget$579K / $640K
Loan drawn$458K / $520K
Next Draw
$41K
Aug 21
Loan Avail.
$62K
Est. Sep 26
Proj. Margin
$133K
16% of sale
Draw cycle on schedule · $12K cash needed before next draw

55 Heron Point

Gulf Coast · Mandeville, LA
On Track
44%
Budget$435K / $1.06M
Loan drawn$378K / $860K
Next Draw
$121K
Sep 4
Loan Avail.
$482K
Est. Feb 12
Proj. Margin
$309K
21% of sale
Draw cycle on schedule · $39K cash needed before next draw

417 Willow Run

Delta First · Hammond, LA
On Track
62%
Budget$432K / $720K
Loan drawn$336K / $580K
Next Draw
$75K
Aug 28
Loan Avail.
$244K
Est. Dec 14
Proj. Margin
$182K
18% of sale
Draw cycle on schedule · $22K cash needed before next draw

1908 Bayou Trace

Bayou Capital · Lafayette, LA
On Track
35%
Budget$274K / $830K
Loan drawn$231K / $660K
Next Draw
$92K
Sep 8
Loan Avail.
$429K
Est. Mar 8
Proj. Margin
$223K
19% of sale
Draw cycle on schedule · $29K cash needed before next draw

6 Live Oak Lane

Riverbend · Mandeville, LA
On Track
87%
Budget$1.01M / $1.18M
Loan drawn$790K / $940K
Next Draw
$63K
Aug 24
Loan Avail.
$150K
Est. Oct 10
Proj. Margin
$322K
20% of sale
Draw cycle on schedule · $19K cash needed before next draw

330 Fairview Dr

Hancock · Covington, LA
On Track
57%
Budget$429K / $780K
Loan drawn$329K / $620K
Next Draw
$81K
Sep 1
Loan Avail.
$291K
Est. Dec 28
Proj. Margin
$190K
18% of sale
Draw cycle on schedule · $28K cash needed before next draw

1450 Ridgewood

Delta First · Slidell, LA
On Track
29%
Budget$186K / $690K
Loan drawn$154K / $550K
Next Draw
$58K
Sep 15
Loan Avail.
$396K
Est. Mar 22
Proj. Margin
$170K
18% of sale
Draw cycle on schedule · $20K cash needed before next draw

77 Sabine Circle

Bayou Capital · Lafayette, LA
On Track
12%
Budget$91K / $910K
Loan drawn$79K / $720K
Next Draw
$67K
Sep 22
Loan Avail.
$641K
Est. May 5
Proj. Margin
$258K
20% of sale
Draw cycle on schedule · $24K cash needed before next draw

2840 Belle Chasse

Riverbend · New Orleans, LA
On Track
78%
Budget$775K / $1.02M
Loan drawn$614K / $830K
Next Draw
$89K
Aug 26
Loan Avail.
$216K
Est. Nov 18
Proj. Margin
$280K
20% of sale
Draw cycle on schedule · $31K cash needed before next draw

19 Chestnut Row

Gulf Coast · Hammond, LA
On Track
96%
Budget$564K / $590K
Loan drawn$437K / $470K
Next Draw
$24K
Aug 20
Loan Avail.
$33K
Est. Sep 12
Proj. Margin
$138K
17% of sale
Draw cycle on schedule · $8K cash needed before next draw