Bank Construction Draw Inspections

Bank Construction Draw Inspection Services in NH, MA, and ME

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What Is a Bank Construction Draw Inspection?

A bank construction draw inspection is a site visit by a licensed, neutral third-party inspector to verify that the work billed in a construction loan draw request has actually been completed. Lenders require draw inspections to protect their capital: funds are only disbursed once the inspector confirms the percentage-complete milestone has been met.

Draw inspections are a best practice in construction lending and are typically required at each draw cycle throughout a project, from foundation through final completion.

When Are Draw Inspections Required?

Draw inspections are required by most banks, credit unions, and private lenders at each milestone draw in a construction loan. They are commonly required for:

  • New residential construction
  • Commercial ground-up construction
  • Major renovation projects with construction financing
  • Spec home builds
  • Mixed-use development projects

How Draw Inspections Protect Lenders

When a borrower submits a draw request claiming, for example, that framing is 75% complete, the lender cannot take that claim at face value. An independent draw inspection confirms the actual completion status, reduces the risk of overbilling, and ensures the lender’s collateral value stays in line with funds disbursed.

Interior framing of a fireplace and built-in shelving units using OSB boards in a new home under construction.
A low-angle corner view of a multi-story red brick building featuring rows of rectangular windows against a bright blue sky with wispy clouds.

What Our Draw Inspections Include

A construction site can be a whirlwind of moving parts, but your funding strategy shouldn’t be a guessing game. We provide a clear-eyed, objective look at the project’s health, bridging the gap between the contractor’s request and the reality on the ground.

Our process is designed to safeguard your investment through a rigorous, multi-layered assessment of the site:

On-Site Progress Verification

Our inspectors visit the construction site and assess physical progress against the approved draw schedule. We compare work in place against the contractor’s draw request, documenting discrepancies and confirming completed phases.

What we evaluate:

  • Foundation and site work
  • Framing and structural components
  • Roofing and exterior envelope
  • Mechanical, electrical, and plumbing rough-ins
  • Insulation and drywall
  • Interior finish work and fixtures
  • Site utilities and drainage

Percentage-Complete Assessment

We calculate an independent percentage-complete figure for each line item in the draw schedule. This figure goes directly into the draw inspection report delivered to the lender.

Draw Inspection Report Delivery

After every inspection, you receive a written draw inspection report with:

  • Overall percentage-complete rating
  • Line-item breakdown by construction phase
  • Photo documentation of current site conditions
  • Any discrepancies or concerns flagged for lender review
  • Estimated completion status relative to loan terms

Reports are delivered promptly, typically within 24–48 hours of the site visit.

Commercial Facilities We Inspect:

1

Office Buildings

2

Apartment Buildings

3

Strip Malls

4

Motels/Hotels

5

Restaurants

6

Churches

7

Car Dealerships

8

Warehouses

9

Industrial Buildings

10

Government Buildings

11

Retail Stores

12

And More...

Sample Reports

Click on one of our sample reports below to view them.

Choose Alpha Building Inspections

Alpha Building Inspections provides expert, independent third-party inspections across New Hampshire and Massachusetts. As a fully licensed and insured firm, our inspectors maintain the professional credentials required by lenders for draw inspection reports and are trusted by financial institutions throughout the region. We pride ourselves on efficiency and reliability, delivering comprehensive reports with a fast turnaround time of typically 24–48 hours.

Headshot of Bob McPhee, a smiling man with graying hair, wearing a green collared shirt with a company logo on the chest, set against a solid blue background.

Meet Bob McPhee

Bank draw inspector Bob McPhee brings a robust background in civil engineering and construction management to every project, backed by a B.S. from Norwich University and experience in U.S. Air Force Base Engineering. As a licensed General Contractor and Construction Supervisor in Massachusetts and New Hampshire, he has managed diverse projects ranging from large-scale commercial builds for TD Bank to complex utility and renovation work. Bob’s dual expertise in engineering and hands-on construction leadership allows him to deliver precise progress assessments and risk mitigation, providing lenders with the reliable data necessary to protect their financial investments throughout the construction process.

Who We Serve

A successful build relies on transparency between every party involved. We provide the objective data needed to maintain trust and keep capital flowing, tailored to the specific needs of lenders, owners, and builders alike.

Banks and Financial Institutions

We work directly with construction lenders to provide independent draw verification at each loan disbursement milestone. Our reports meet standard lender documentation requirements.

Individual Project Owners

Owner-builders and project owners who need third-party oversight of their general contractor’s billing can use our draw inspection services to verify work before approving contractor payments.

General Contractors

Contractors seeking to expedite draw approval can request pre-draw inspections to ensure their draw request aligns with documented progress before submitting to the lender.

Pricing

Draw inspection pricing depends on project size, location, and the number of draw cycles required. Contact us for a quote! Most lenders include draw inspection costs in the construction loan budget.

Get Quote
A low-angle shot of a high-rise building under construction, featuring scaffolding, installed windows, and a tall yellow crane against a bright, sunny sky.

Commercial Inspection Service Areas

New Hampshire

| Laconia | Derry | Manchester | Merrimack | Rochester | Concord |

Massachusetts

| Lowell | Bedford | Cambridge | Burlington | Quincy | Framingham | Boston |Worcester | Lawrence | Lynn | Newton | Waltham | Chelsea | Brookline | Peabody | Arlington | Salem | Beverly | Fitchburg | Woburn | Marlborough | Natick |

Maine

| York |

Designed to Meet Your Needs

We are accustomed to performing a variety of commercial building inspection services for clients, including:

  • Comprehensive inspections for buyers/investors prior to closing
  • Pre-lease or exit inspections for tenants to protect damage deposits
  • Partial inspections, such as roofs
  • Inspections to meet lender requirements
  • Walk-through, pre-bid assessments for potential buyers
  • New construction progress inspections and final inspections
  • Phase 1 Environmental Site Assessments

Frequently Asked Questions

What is a bank draw inspection?

A bank draw inspection is a site visit by a neutral, licensed third-party inspector that verifies construction progress before a lender releases funds. The inspector assesses how much of the contracted work has actually been completed and delivers a written report to the lender.

How long does a draw inspection take?

Most draw inspections take 1 to 3 hours on site, depending on the project size and stage of construction. Report delivery typically follows within 24 to 48 hours.

What does a draw inspector look for?

A draw inspector evaluates the percentage of construction work completed relative to the contractor’s draw request. They assess each construction phase, including foundation, framing, MEP rough-ins, finishes, and document current site conditions with photos.

How much does a construction draw inspection cost?

Draw inspection fees vary by project size and location. Many construction lenders build inspection costs directly into the loan budget. Contact Alpha Building Inspections for a project-specific quote.

What do our customers say about us?

“

I was very pleased with the building inspection performed by Steve Mangekian of Alpha Inspections. I needed a company to perform an inspection on the commercial property we are purchasing, and Steve did a very thorough job, for a fair price. I’d recommend Alpha Inspections to anyone needing a home or commercial building inspection.

Robin D. Gelinas
“

I contacted Alpha for an inspection on a commercial building I was looking to buy. I was nervous about the process, Steve and Tom made me feel like I was in good hands. They pointed out the good, the bad, and the ugly. Some of the issues they noticed saved me thousands of dollars off asking price. I would recommend Alpha Building Inspections to anyone looking at residential or commercial property. Professional and educated in all facets of construction, Alpha helped my growing business take the next step.

Keegan D.
“

I had the opportunity to meet with Steve Mangekian recently when he inspected a commercial real estate building for me. I was immediately impressed by his professionalism and his knowledge. He spent a significant amount of time inspecting the building from top to bottom. He discussed some of his findings with me in person and had a written report in my hands within 24 hours, impressive! Thanks Steve for a great job. Well worth the fee that I paid to Alpha.

Dr David Caban

Get a Commercial Inspection Quote Today.