Blog

City Living — Back by Popular Demand
A surge of homebuyers fled cities during the pandemic, seeking suburban and rural communities where larger homes and sizable lots provided space for families to stretch out, work and play in a socially distanced environment. Many who could not previously afford a home in the city found they could afford to buy in outlying areas. Read more
September 21, 2021
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Where Will the Housing Craze End? Predictions From a Real Estate Whisperer
Ever hear of a guy named Bill McBride? He’s a retired Southern California technology executive who is famous for predicting the housing crash of 2007. His economics blog, “Calculated Risk,” has been accurately predicting economic events since the early 2000s. These days, he’s chiming in on the current absurdity we call the housing market. McBride recently told The Atlantic, “I’ve never seen anything quite like this. It’s a perfect storm.”Read more
August 13, 2021
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QuickDraw Fund Control Joins YAPS in Saving Lives One Pet at a Time
On May 1, 2021, QuickDraw Fund Control sponsored the YAPS 9th Annual Charity Golf Tournament at the Yucaipa Valley Golf Club. The Yucaipa Animal Placement Society (YAPS) is a no-kill, nonprofit animal shelter that strives to prevent euthanasia of dogs and cats in shelters throughout the region by providing them a temporary safe haven until a permanent loving home can be found.Read more
July 6, 2021
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QuickDraw Awarded Contract for SAGE Veterinary Centers With Hospital Expansion in Concord, Calif.
Since the start of the pandemic, pet adoption rates have soared as people have turned to animals for much-needed companionship and emotional support. The nonprofit Society for the Prevention of Cruelty to Animals Los Angeles reported that adoptions were double their usual rate in late June 2020, prompting waiting lists for puppies and certain dog breeds.Read more
May 7, 2021
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QuickDraw Fund Control Supports the Preservation of a Miracle Mile Icon
As a trusted expert between lenders and borrowers during the construction process, QuickDraw Fund Control supports both the preservation and improvement of existing structures, as well as the construction of new buildings and dwellings that enhance commercial and residential sites throughout California and the Western US.Read more
May 4, 2021
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QuickDraw Awarded Contracts for Opportunity Zone Developments in East Hollywood & Reno
Under the 2017 Tax Cuts and Jobs Act, Opportunity Zones were created to drive private investment to distressed areas by incentivizing long-term investments in low-income neighborhoods. According to the U.S. Economic Development Administration (EDA), there are more than 8,760 designated Qualified Opportunity Zones located in all 50 States, the District of Columbia, and five United States territories. Investors can defer tax on any prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment in a QOF is sold or exchanged or until December 31, 2026.Read more
February 19, 2021
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Why We’re In The Middle Of A Competitive Home Seller’s Market
In December 2020 there were 449,000 fewer homes on the market than in December 2019 — a 36.9% decrease that also marked the first time that active listings fell below 700,000, according to realtor.com records. However, sellers listed new homes for sale at nearly the same rate as the previous year — just 0.8% down year-over-year (YOY) nationally.Read more
January 18, 2021
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R.I.P Zoom Meetings — A Dearly Beloved COVID-19 Casualty
At the beginning of the COVID-19 pandemic, Zoom meetings skyrocketed in popularity across the globe. Suddenly every major corporation was holding digital meetings via Zoom and proclaiming its near-magical ability to keep employees connected and engaged.Read more
November 10, 2020
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Why Home Prices Are Fluctuating Across The US
2020 was a year of the unexpected. As we head into the new year, it is a time for repose, reflection and revaluation. The election is now behind us, but as COVID numbers continue to rise, the variables driving the cost of housing remain unpredictable. We'd like to hear your thoughts about how these events are impacting your business, and what you see trending as we go into 2021. Please call Greg at: (818) 254-5823. Your insights are invaluable as we strive to keep our clients informed about the state of our ever-changing market.Read more
November 6, 2020
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A Surprising Trend: Housing Boom of Million-Dollar Homes
Earlier this year, the COVID-19 pandemic forced markets and buyers to hit the pause button and wait for a more predictable and stable economy. Amidst the uncertainty, one trend has surprised economists: the major boom in the housing market of homes costing $1 million and more.Read more
November 2, 2020
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Rising and Falling Rent Rates Across the US
COVID-19 has forced landlords across the US to offer incentives to attract tenants who have moved away from urban areas. In August 2020, the median US rent was $1,771, down 0.3% from the previous month. According to Zillow, this is the largest monthly decrease since September 2017.Read more
October 30, 2020
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Feet On The Street – The Latest 10/28
Post-COVID-19 Strategy: Aim Low   Content for this edition of “Feet on the Street” comes from an interview with Mr. Kam Takhar, a good friend, terrific client and principal of Crowne Development, Inc. — a leading homebuilder located in Yuba City, California. As always, we hope you enjoy! Read more
October 27, 2020
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Home Sales Hit Record High in July
For those of us in the housing market who remember the Great Recession, the global pandemic has been a nail-biter. The typical pattern during a recession is that as incomes decline, fewer people buy homes. Since fewer people are buying, fewer homeowners list their homes for sale. The market slows, and sellers may even lower prices to attract buyers or move their homes faster. Read more
September 16, 2020
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Feet On The Street – The Latest 9/01
In moments, it feels really weird.   For this edition of “Feet on the Street,” our content comes from an interview with Mr. Justin Esayian, a good friend and Senior Vice President of The Hoffman Company, a leading land brokerage firm that serves California and Nevada. As always, we hope you enjoy.Read more
August 31, 2020
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Meet Stephen Board, Relationship Manager
Steve Board joined QuickDraw Fund Control as Relationship Manager in August 2020, bringing with him more than 35 years of experience fostering customer relationships for such notable companies as Google, Cisco, AT&T, Ricoh, Wells Fargo, Bank of the West, IBM and many more.  Steve has won multiple awards for service excellence, reflecting his talent for connection and commitment to creating a seamless customer experience.Read more
August 27, 2020
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Meet Jeremy Noble, Systems Analyst/Software Developer
Jeremy Noble brings supercharged energy and fresh ideas to QuickDraw Fund Control in his role as Systems Analyst and Software Developer. A recent cum laude graduate of Cal State University, San Bernardino, Jeremy worked for QuickDraw while he was earning his degree in computer science. After a stint in med tech following graduation, Jeremy was delighted to return QuickDraw in April 2020 as a key member of the team tasked with helping the company sort its systems challenges and bring its technology up to date.Read more
August 25, 2020
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Feet On The Street – The Latest 8/11
It’s all Surging: Homes Sales and Suburban Sprawl, COVID-19, Material Prices and Looming Shortages   For this edition of Feet on the Street, our content comes from multiple companies within and around the building industry. We hope you enjoy!Read more
August 10, 2020
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A Project Unlike Any Other: 1250 Bel Air Road
In mid-2018, QuickDraw Fund Control was selected to provide Inspection and Fund Control services for the renovation of the property located at 1250 Bel Air Road, Los Angeles, CA 90077. For this project, we worked with Skylark Capital Management, Inc and Roman James Design Build.Read more
June 11, 2020
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Feet on the Street – The Latest 5/19
It’s like navigating a shipping lane, and your GPS went out. You know where you are and where you’re going, but the map and weather forecast are gone. Everyone’s trying to figure it out.   Read more
May 18, 2020
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Feet on the Street – The Latest 4/21
Like politics, all market conditions and construction progress are local. This week, we continue to provide information, new trends and real-time updates to what we saw and learned across different construction platforms and locations. Read more
April 21, 2020
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Why Doing Fund Control In-House is Wasting Your Time and Costing You
Every day you dig through piles of paperwork, update dozens of spreadsheets and juggle demanding calls from clients, contractors and everybody else involved in the construction project. Every day you wonder how much further your mind can stretch, managing it all, and maybe you wake up in the middle of the night afraid you made a mistake that could end up costing you thousands, if not millions.Read more
March 4, 2020
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QuickDraw Fund Control’s Construction Site Inspection Process
The site inspection phase is an important part of the fund control process. Before a draw can be approved, the construction site must be inspected. A construction site inspection involves making sure progress is moving along according to the signed service agreement governing the lender-borrower relationship. Read more
September 15, 2019
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Meet the QuickDraw Fund Control Team
Over the years, the QuickDraw Fund Control team has grown into a driving force within the construction and fund control industries. The close-knit team of five has been trusted by many of the nation’s largest brands, including Rite Aid, 7-Eleven, Starbucks, Dollar General, Sprouts, Total Wine and many institutional and private lenders. Read more
September 10, 2019
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How and Why Title Companies Changed Their Coverage Requirements
Every construction project requires many different team players, including lenders, borrowers, contractors, subcontractors, buyers and title insurers. Title insurers play a unique role throughout the process, providing protection for lenders and buyers. Recent changes in title insurance coverage have impacted the financial side of projects — for the better.Read more
July 16, 2019
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Answering Construction’s Million-Dollar Question: How Are You Dealing With Tariffs’?
Lenders, borrowers and builders have been keeping a close watch on tariffs — and threats of tariffs — on building materials like lumber, steel, granite and marble. Just last month, “import taxes on $200 billion of Chinese goods jumped to 25%,” reports The Associated Press. In the construction industry today, the question on everyone’s mind is, “How will these tariffs impact me and what can I do about it?”Read more
July 5, 2019
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QuickDraw Fund Control Unveils Redesigned Website Following Completed Rebrand
QuickDraw Fund Control, an industry-leading Los Angeles -based firm providing fund control services for commercial and residential projects across California and the U.S., recently redesigned their website following the completion of a rebranding project. Over the past few years, the firm has grown and adapted to the needs of its clients, necessitating a website-redesign and rebranding project to accurately reflect the firm’s services, expertise and qualifications.Read more
May 21, 2019
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Summary of 2019 Construction Industry Forecasts
Going into 2019, should the construction industry expect further growth or deceleration? How is the shortage of workers impacting construction firms and how are they addressing these obstacles? A dive into the findings of few recent reports can help answer these questions. Read more
April 26, 2019
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Project Delays: What Do They Really Cost You?
A project delay can start as a headache but can quickly turn into a nightmare. Causes can include governing agencies/municipalities entitlement approvals, insufficient budgeting, lack of working capital, subcontractor labor constraints, utility provider delays, and subpar project management. Read more
January 18, 2019
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New Updates: Materials Pricing and Labor
The past year has been one for the books. Trade tariffs, rumors of trade wars, and rising prices of construction goods and materials have kept journalists busy, Twitter abuzz, and the construction industry watching closely. Tariffs have been imposed on steel imports, aluminum imports, and Chinese goods that include construction-related items. Read more
December 10, 2018
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Yes, There is “Fun” in “Fund Control”!
But only with QuickDraw Fund Control! On your own, juggling municipalities, contractors, and deadlines looks something like this: you spend hours sending follow-up emails, leaving voicemails, and chasing down invoices. Read more
December 4, 2018
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Everything You Need to Know About Fund Control
When it comes to new construction, managing invoices and payments during the course of the project can be arduous work. As new construction continues to increase, this makes having a third-party fund control partner more important than ever.Read more
November 6, 2018
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5 Services That a Fund Control Company Offers
When you want to protect your construction investments, you need a fund control company that you can trust. A good fund control provider will act as a vital intermediary between the lender and the borrower. They will keep track of all stages of the project and make sure the funds are released in a timely manner throughout the construction process.Read more
November 2, 2018
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Why Private Equity Lenders Need Fund Control
As debt financing for development proves to be an increasingly profitable market for lenders, the opportunity for borrowers to seek funding beyond traditional commercial banks has broadened--most often through private equity firms and individuals.Read more
October 17, 2017
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Two Experts, Two Markets Strategies for Success
This month, our very own Greg Norris sat down to chat with Bill Rattazzi, Executive VP of Building and COO for Inland Communities Corp. in our exclusive podcast: Two Experts, Two Markets, Strategies for Success!Read more
August 22, 2017
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The Importance of Understanding the Fund Control Process
At QuickDraw Fund Control, we understand that the fund control process can seem complicated, but actually, it is not. That’s why we provide professional and reliable guidance for our clients throughout the entire project. We process draw requests, perform Site Inspections and make sure that you are kept updated along the way.Read more
June 16, 2017
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5 Things QuickDraw Looks for on an Invoice
Invoices are a very important component of the fund control process. They are legal documents that show precisely what has been completed in the field. QuickDraw Fund Control depends on timely and accurate invoices during draw requests. An invoice helps the lenders to determine if a particular line item draw request is approved and monies can be released for funding.Read more
June 9, 2017
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QuickDraw Fund Control Starts New Projects with New Faze
Recently, QuickDraw Fund Control was awarded two construction loan projects with New Faze, a residential and commercial development company in Sacramento, California. Both of these fund control projects will go towards new single family home development projects in the Sacramento area. We’re very excited to be working with New Faze as a new borrower along with the two lenders, Partners Capital Solutions and Omni Financial, LLC who are funding the different loans.Read more
May 31, 2017
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What Should Lenders Ask When Looking for a Fund Control Company?
If you are on the hunt for a fund control company to handle key duties during a construction loan, it pays to ask the right questions. This will help you find the right fund control company to protect your best interests and help make the process go as smoothly as possible for everyone involved.Read more
May 22, 2017
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QuickDraw Providing Site Inspection Services for New Commercial Development in Victorville
Construction has been progressing on a new multi-tenant commercial construction development in Victorville, California. Ultimately, the property will house several popular restaurant chains. QuickDraw Fund Control is excited to be involved in the construction project. We’ll be providing site inspection services throughout the duration of development.Read more
May 11, 2017
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QuickDraw Completes Fund Control Services for Multi-Million Dollar Home Construction Project in Brentwood
At 320 North Gunston Drive in Los Angeles, there sits a spectacular brand new home in the gated community of Brentwood Circle. This exclusive residence represents one of the most expensive custom home construction projects that QuickDraw Fund Control has provided cost review, inspection and fund control services. The home is currently listed for $12,950,000.Read more
May 3, 2017
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Weather Delays and What Lenders Need to Consider
Bad weather can wreak havoc on construction sites. When a series of storms pass through, it oftentimes results in construction delays. At QuickDraw Fund Control, this year we’ve seen weather delays impact construction progress for up to 90 days, which can be a problem when it comes to the construction loan.Read more
April 19, 2017
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QuickDraw Fund Control Helps with Mission Grove Industrial Project in Ontario, CA
Since the projects beginning in 2015, QuickDraw Fund Control has provided inspection and fund control services for the Mission Grove project, a new light industrial facility in Ontario, California. The five-building, concrete tilt-up project is located on 14 acres of land, stretching over 500,000-square feet, with construction currently in progress. Read more
April 10, 2017
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A Brief Review of QuickDraw’s Release Process
At QuickDraw Fund Control, one of the most important services we provide is processing releases. Because it’s such an important part of processing Draw Requests, we thought it’d be a good idea to share a review of QuickDraw’s release process. Take a look!Read more
April 4, 2017
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5 Reasons Why Fund Control Matters
At QuickDraw Fund Control, we understand that lenders have a lot on their plate. With so many responsibilities to tend to, it is our mission to make their job easier. We do this by helping lenders navigate through the construction process. Read more
March 21, 2017
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QuickDraw Services Clients from Coast to Coast
Last week, we talked about some of the most common questions QuickDraw Fund Control gets when talking with lenders. But another popular question topic we receive centers around where we work. Oftentimes, prospective clients want to know about what areas we serve and how our team services such a variety of geographic regions throughout the country.Read more
March 10, 2017
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Get to Know QuickDraw Fund Control’s Services
At QuickDraw Fund Control, our company’s goal is to reduce construction loan risk, facilitate the quick deployment of capital and provide the lender’s client with superior service. In order to do this, we create well-developed and customized services for all our clients. Interested in knowing what services we can provide?Read more
March 8, 2017
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QuickDraw Fund Control Takes On New Multi-Family Construction Project in Ontario
QuickDraw Fund Control recently signed on to handle the fund control and on-site inspection services for a massive new multi-family residential construction project in Ontario, California. Known as Hallmark, this project will be a four-story, two-building, 75-unit complex that also features a beautiful community pool and recreation center. It will have one- and two-bedroom units designed with the latest architecture and stunning interior design elements.Read more
January 12, 2017
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What to Expect at a Construction Site Inspection
Our main objective at QuickDraw Fund Control is to properly disburse and protect the lender's construction loan proceeds. From a construction loan’s beginning, it is critical that the workflow is executed correctly throughout the process. From cost reviews prior to approval through fund disbursement schedules during construction, QuickDraw helps cover all the details.Read more
December 9, 2016
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Remodeling Market Optimism Strengthens
The National Association of Home Builders (NAHB) released their third quarter indexes for 2016. One of the most notable increases was in the Remodeling Market Index (RMI), which measures current activity in the remodeling market while also providing indicators of the market’s future.Read more
November 15, 2016
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Housing Market Continues Modest Recovery
The National Association of Home Builders (NAHB) recently released its third quarter indexes and reports have been fairly positive across the board. One of the most important measurements those in the home building industry look at is the National Association of Home Builders/First American Lending Markets Index (LMI).Read more
November 8, 2016
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Why is Working in Construction a Good Idea?
Did you know that October is Careers in Construction Month? That means that builders all over the country are proactively seeking experienced construction workers and skilled craftsmen to join their teams. From residential to commercial to industrial, construction is back on the rise and now is a fantastic time to consider a career in that field.Read more
October 1, 2016
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