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A 724 Builder inspector walks an open floor plate at rough-in stage carrying a tablet, looking out across the work. Behind him tradespeople frame metal stud walls, run cable through open studs and weld, with stacked drywall waiting on pallets.

Commercial Draw Inspections for Lenders

724 Builder provides independent field verification for commercial construction and multifamily draw requests. We compare requested line items with the work, materials, and project conditions observable at the site—then document anything that does not reconcile for your team’s review. Your institution retains complete authority over every funding decision.

Independent field verification

The draw request states
what is being asked.
The site shows what is there.

A draw package may arrive as an AIA-style G702/G703, a schedule of values (SOV), a spreadsheet, or another lender-approved format. Regardless of format, it represents a request for funds.

724 Builder independently visits the project site and documents the work, materials, and conditions that are observable on the day of the inspection—with dated, GPS-verified photographs to support the field record. When requested line items cannot be located, appear unchanged from a prior visit, or do not reconcile with observable conditions, we make that discrepancy clear in the report.

We do not approve the draw or tell your team what to fund. We provide the field record your team can use to make that decision.

See common Draw Inspection questions

The comparison

A requested line item
should have a field story.

A contractor may request an additional percentage of a line item while the related materials remain uninstalled, the work has not visibly progressed since the previous inspection, or the items cannot be located at the project site.

For example, cabinetry may be included in a draw request as installed while still sitting on site in its original packaging. A framing line item requested at an increased percentage may show the same wall configuration observed during the prior visit. A requested fire-rated door assembly may not be present anywhere on site.

724 Builder documents what we observed, what was requested, and what could not be independently verified. We do not confirm compliance with plans and specifications, determine the project’s overall percentage complete, or make a funding recommendation.

The report

What lands in your file, every draw

One independent field report connecting the current request with the conditions observable at the project site. Every completed report is available in Axiom and exportable as a PDF.

Requested items against observed conditions
Current draw-request line items reviewed against the work, materials, and project conditions observable during the site visit.
Change from the prior visit
A documented record of whether previously observed work, materials, or open items have visibly progressed, remained unchanged, or could not be verified.
Unverified items clearly identified
Anything included in the request that could not be located, observed, or independently verified at the time of inspection.
Dated, GPS-verified photographs
Photographs tied to the project location and organized with the inspection record in Axiom.
Reported progress identified as reported
Contractor or GC-provided progress information can be preserved in the record, without presenting it as a 724 Builder conclusion.
A continuing project history
Reports, photographs, draw-related observations, and unresolved items organized from one inspection to the next.
The lobby of a modern hotel under construction, with a finished timber slat wall and reception desk on one side and open metal stud framing and exposed ceiling services on the other, plastic-wrapped furniture staged on the floor, and a 724 Builder inspector in a branded hard hat and high-visibility vest reading a tablet in the foreground.

The budget can move
faster than the work.

A line item can be partially or fully requested before its related work is visible in the field. That does not, by itself, determine what a lender should do. It gives the lender a question worth answering before the file moves forward.

724 Builder preserves that question in a clear, dated report: what was requested, what was observable, what changed since the prior visit, and what remains unresolved.

How it works

The field visit fits the way you already lend

Your loan-administration process and funding authority remain yours. Before the first visit, we confirm the assignment details, reporting needs, project location, timing, and authorized access. Then we provide an independent field record when your team needs it.

  1. You send the current request

    Provide the current draw request, applicable schedule of values, or equivalent document, and any relevant supporting information.

  2. We coordinate authorized access

    We coordinate the site visit with the authorized project-side contact so the inspection can occur within the requested timeframe.

  3. We observe the site against the request

    We document visible work, materials, and project conditions connected to the requested items, supported by dated, GPS-verified photographs.

  4. We identify what did not reconcile

    When a requested item cannot be located, appears unchanged from a prior visit, or cannot be independently verified from observable site conditions, we identify that clearly in the report.

  5. Your team receives the field record

    Reports are typically delivered within 72 hours once authorized site access is coordinated. When a 48-hour turnaround is needed and the site can accommodate the visit, rush service may be available. Your team retains full authority over every funding decision.

  6. Open items can be revisited

    At the next draw, previously unresolved items can be observed again—creating a clearer project history from one inspection to the next.

Built for commercial construction

Commercial is our core.
Consistency can cover your portfolio.

724 Builder primarily supports commercial construction and multifamily projects with five or more units. For lenders with a substantial residential construction portfolio, we can also provide one consistent draw-inspection program across those projects.

The same reporting standard, Axiom history, dated, GPS-verified photographs, and PDF-ready documentation can follow your team across the portfolio.

Managing a residential construction portfolio?

Talk with our team

Common questions

Do you approve or recommend draw funding?
No. 724 Builder documents observable project conditions and discrepancies between the request and what is present at the site. The lender retains sole authority over every funding decision.
Do you determine the project’s overall percentage complete?
No. Overall completion percentage is typically contractor- or GC-reported. 724 Builder documents whether requested line items, work, materials, and progress are observable at the project site on the day of inspection, identifying the specific items that do not reconcile with observable conditions—not assigning a single top-line percentage.
Do you confirm the work matches the plans and specifications?
No. That is outside our scope. 724 Builder does not provide design services, construction services, or a professional opinion on whether the work conforms to the design documents. We document what is observable at the site.
How quickly is the report delivered?
Once a request is received, we coordinate access with the owner, site manager, or GC to complete the site visit and deliver the report—typically within 72 hours once authorized site access is coordinated. When a lender needs a 48-hour turnaround and the site can accommodate the visit, rush service may be available for an additional fee.

Take the next step

Start with your next draw request.

Send us the next draw your team is reviewing. We’ll provide an independent field record of the work, materials, and conditions observable at the project site.

Schedule a CallSee a Sample Report