Construction Loan Disbursement

Ensure your draws are processed accurately, efficiently and professionally with our full-time construction disbursement team.
Timeline:
The entire draw request is completed in approximately 5 business days.
  • Initial draw processing is completed within 48 hours.
  • Documents are sent for Lender approval with 24 hours of the title update.
  • The Lender wires the approved proceeds to Land Title for funding (based on Lender’s time-frame).
  • Funds are then disbursed the same day the Lender advances funds to Land Title.

Documents Required to Issue Mechanic’s Lien Endorsement*
Residential Property
  • Loan application or financial statements for the borrow and each guarantor of the loan
  • Cost breakdown
  • “As proposed” appraisal
  • Execution of company’s indemnity agreement by the lender, borrower(s), and guarantor(s) if applicable
Commercial Property
  • Loan applications or financial statements for the borrower and each guarantor of the loan
  • Construction contract
  • Construction loan agreement from the lender
  • Cost breakdown
  • “As proposed” appraisal
  • Copy of the bond, if project will bonded
  • Execution of the company’s indemnity agreement by the lender, borrower(s), and guarantor(s) if applicable

* See Endorsement 101
**Additional requirements may be added after review of the documents listed


Mechanic’s Lien Endorsement including Construction Loan Disbursement Fees
For Residential and Commercial Construction
  • $1150 all-inclusive flat fee***

***The mechanic’s lien protection isn’t provided with Endorsement 122

Documents Executed at Closing
  • Construction Disbursing Agreement. The lender draws a contract with Land Title to act as the disbursing agent, and the borrower(s) and lender agree to resolve any mechanic’s lien recorded during construction.
  • Disburser’s Notice. Land Title records and executes this document after the Deed of Trust.
  • Contractor’s Indemnity Agreement. If applicable, this will secure the contractor’s pledge to resolve any mechanic’s liens recorded during construction.

Please send draw requests to draws@ltgc.com
For further information, contact the Construction Loan Disbursements Department:
Gary Cellar – Manager
Direct: 303-850-4137
Email: gcellar@ltgc.com