Support Center

How does Groundfloor process draws for my project?

Last Updated: Dec 06, 2017 04:34PM EST
Groundfloor disburses payments (referred to as “draws”) on a reimbursement basis. This means that our borrowers must complete each phase of the project prior to being reimbursed for the labor, materials and other approved costs associated with the statement of work. All draws will be subject to an inspection to verify the completed works.

Please note that there is a draw fee of $200.00 per draw request, which is deducted from the gross amount of the draw deemed payable by Groundfloor.

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