Builder cash at work
Unfunded Cash Exposure
Money already spent on projects that the bank has not reimbursed. This is the real cost of a slow draw.
Total Floated
Awaiting draw reimbursement
Builder Cash Out
$907K
Paid from company accounts
In Submitted Draws
$560K
Waiting on bank funding
Funded Back
$282K
Reimbursed to date
Exposure by Project
Cash out, what has been submitted, and what is still unreimbursed
124 Oak Street
$284,000 spent · $176,000 submitted · $91,000 funded
$193,000
34 days oldest32% of this project's spend has been reimbursed by the lender
3812 Lake Terrace
$148,000 spent · $62,000 submitted · $0 funded
$148,000
21 days oldest0% of this project's spend has been reimbursed by the lender
892 Magnolia Ave
$121,000 spent · $84,000 submitted · $42,000 funded
$79,000
12 days oldest35% of this project's spend has been reimbursed by the lender
714 Pine Street
$96,000 spent · $71,000 submitted · $48,000 funded
$48,000
9 days oldest50% of this project's spend has been reimbursed by the lender
55 Heron Point
$84,000 spent · $60,000 submitted · $44,000 funded
$40,000
6 days oldest52% of this project's spend has been reimbursed by the lender
330 Fairview Dr
$74,000 spent · $41,000 submitted · $21,000 funded
$53,000
5 days oldest28% of this project's spend has been reimbursed by the lender
1908 Bayou Trace
$62,000 spent · $40,000 submitted · $24,000 funded
$38,000
4 days oldest39% of this project's spend has been reimbursed by the lender
417 Willow Run
$38,000 spent · $26,000 submitted · $12,000 funded
$14,000
3 days oldest32% of this project's spend has been reimbursed by the lender
Aging of Floated Cash
The longer cash sits unreimbursed, the more it costs
Under 7 days$281,000
8–14 days$192,000
15–30 days$94,000
Over 30 days$46,000
Stale Exposure — Act Now
Spend that has aged past policy without reaching a draw
124 Oak Street
Foundation costs paid Jul 09 still not in a submitted draw
$46,000
36 days
3812 Lake Terrace
Site work floated pre-closing — loan not funded
$34,000
21 days
Policy: no eligible cost should sit more than 21 days without appearing in a submitted draw.