Download the Pimlico construction budget template, learn how to delineate your scope line-by-line, and see why our 48-hour draw turnarounds keep rehabs on schedule — not stuck on hold.
Every deal we fund starts with a written scope and line-item budget. We built this template so you can hand the same document to your lender, your general contractor, and your insurance inspector — and everyone reads it the same way. Nothing proprietary. No locked cells. Yours to edit and reuse.
Our underwriters can approve a loan 4–6 days faster when a real line-item budget comes in with the file — instead of a back-of-napkin rehab number. Your draws also clear faster because we know exactly what was supposed to be done at each stage.
Free Excel workbook. No signup, no email required.
Works in Excel, Numbers, and Google Sheets. Last updated Jan 2026.
Slow draws kill rehab margins. Labor walks, materials prices move, carry costs stack up. We built our draw process to stay out of your way.
From the moment you submit a draw request with photos and invoices, we target 48 hours to inspection order, review, and fund. Most draws clear in under 2 business days.
For most draws, we accept geo-tagged photos and a short video walk — no scheduling a third-party inspector, no waiting days for a window. Complex draws still get an on-site visit.
Most projects include around four free draws. After that, additional draws carry a small flat fee — always disclosed up front, never a surprise on your closing statement.
Every draw is reviewed by a named person on our construction team. If we have a question, we call you — we don't reject your submission and leave you hunting for what was missing.
If work is done and documented, we fund it. We don't hold back 10% at every draw to create a slush fund. You get paid what the work is worth.
On request, we'll wire or ACH draws directly to your general contractor — keeping your personal accounts out of the flow and preventing the "I paid my GC but they didn't credit me" mess.
Mitch oversees every draw from scope review through funding. Have a question on a rehab budget, a draw request, or an inspection? Call him directly — same team, every project, every draw.
In your borrower portal: upload photos, invoices, and a short note about what's complete. Takes 10 minutes.
Our construction team reviews your submission same-day or next-day. If anything's unclear, we call or text you.
Virtual-first for most draws. On-site for major milestones or new borrowers. We schedule in 24 hours.
ACH or wire to you or directly to your GC. Most borrowers see money in the account the same day we approve.
If you've done a few rehabs, you've probably felt every row in the left-hand column. Here's what we do differently.
| Typical Lender | Pimlico Capital | |
|---|---|---|
| Draw turnaround | 5–10 business days | ~24 hours |
| Inspection method | Third-party only, on-site | Virtual-first; on-site when warranted |
| Draws per project | Capped at 3–5 | ~4 free, then a flat fee per draw |
| Per-draw fees | $350–$750 each | Modest flat fee after the first few, disclosed upfront |
| Holdback policy | 10% of each draw held back | We fund work that's complete — no sandbagging |
| Who reviews draws | Portal queue, rotating staff | Named point of contact, same team every time |
| When questions come up | Email chain, 2–3 day delays | Direct phone call, same day |