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In this tutorial, the speaker explains how construction draws work in real estate financing. After closing, the lender sets aside construction funds in a construction reserve. An example is presented where a borrower purchases a property for $100,000 and allocates another $100,000 for rehabilitation, with an after-repair value (ARV) projected at $300,000. To mitigate risk, the lender releases funds incrementally instead of all at once, initially providing $100,000 for the acquisition and closely monitoring the rehabilitation project. This structured approach ensures the funds are used effectively while minimizing the lender's exposure.
