1. Matthew Brantley
VP Business Development
brantley@integrityfundcontrol.com
Office +1 (657) 286-0060 ext 1856
Direct +1 (657) 286-0056
Mobile +1 (909)-278-9985
Fax +1 (714) 529-2408
SCAN ME
2. The Integrity Fund Control
team of dedicated profes-
sionals provides a full array
of services supported by our
state-of-the-art construction
loan management software.
Our team’s specialized
knowledge gives you the
edge in successfully
completing and resolving
complex, non-conforming
construction and funding
matters.
Our ability to problem solve
is what sets us apart from
the other service providers.
The principals of Integrity
have assembled a team of
experts that bring specific
and unique skill sets, tailored
to provide customized
cutting edge services.
Integrity Joint Control Inc., is a licensed joint control agent operating under the governance
of the Department of Business Oversight.
License No. 96DBO-43774
Today, many firms offer fund control services. Most of these firms successfully provide a
very adequate template based services for the accounting, disbursement and inspections
for construction loans.
The benefit the Integrity Fund Control team brings to each and every project we service is
our experience and unique understanding of the disbursement as well as the construction
process. Integrity’s principals and handpicked staff bring the knowledge and ability to inter-
pret each situation to provide effective solutions that create mutually beneficial outcome
and insure that there are no surprises.
Our expertise, and attention to detail will allow you and your staff to concentrate on your
core business with the confidence that Integrity is professionally and diligently overseeing
your disbursement needs.
Unforeseen and non-conforming variables are involved in every construction project. Our
Risk Reduction System allows us to work with you and your clients at the set up stage of
each project and head off many problems before they begin. But in the ever changing con-
struction environment challenges invariable arise, these situations are why Integrity Fund
Control is the choice to make.
3. IFC maintains a full-service disbursement program to efficient-
ly manage and process construction progress draw requests
quickly and accurately. Comprehensive accounting and
streamlined communication services include disbursement
processing, title search, inspection report, lien waivers, and
escrow accounting.
Services include license verification, bonding and insurance-
validation, work-in-progress study, related experience study,
and detailed reference and background checks.
Includes visit to the property to determine project status, a
review of plans and specifications, and preparation of detailed
line item costs to complete project. We also verify permit and
inspection status with the governing jurisdiction.
CONSTRUCTION PROGRESS INSPECTIONS
Our seasoned professional inspectors visit the construction
site, photograph and evaluate the construction progress, and
complete a thorough, written report to determine funding
decisions.
Matthew Brantley
VP Business Development
brantley@integrityfundcontrol.com
Office +1 (657) 286-0060 ext 1856
Direct +1 (657) 286-0056
Mobile +1 (909)-278-9985
Fax +1 (714) 529-2408
4. Integrity Joint Control, Inc.
CONSTRUCTION DISBURSEMENT PROCEDURES
IMPORTANT-READ CAREFULLY
DATE:
BANK: LOAN NO.
BORROWER: IFC NO.
JOB ADDRESS
CONTRACTOR:
Overview: Draw requests are submitted to Integrity Joint Control, Inc., dba Integrity Fund Control hereinafter (IFC), by the
general contractor and owner. The requests may be presented in person, by mail, or electronically. The underlying
documentation is reviewed and once all documentation has been collected the draw is entered in to IFC’s disbursement
program. The draw is then analyzed against a current inspection report prepared by IFC. Any deficiencies in documentation
or percentages of completion will be reported to the interested parties. Once all conditions are satisfied, IFC, will present the
draw request, all underlying documentation, budget reports and inspection reports to the lender for funding. Once funding is
received Checks are issued to the payees listed on the payee list provided by the contractor and owner. It may be necessary
for IFC to modify the payee listing from time to time to facilitate the issuance of joint checks as may be required to satisfy
material and other suppliers.
Documents required in support of draw request:
1. The general contractor completes the G-702 and G-703 forms or other similar forms approved by the Lender. The
contractor will also complete the construction fund request form and payee listing together with any line item transfer
requests or change order documentation. The contractor then forwards the complete draw package to the owner together
with all underlying invoices, releases paid receipts, W-9 forms and cancelled checks. The owner reviews the request,
and once approved, the draw is forwarded to IFC for processing.
2. The Construction Fund request must be completed in its entirety and signed by the owner and general contractor
3. The Payee List should include, the date, draw no. exact project address and owners name. The listing shall include the
name of the material supplier and or/or sub-contractor, amount of payment, payee address, corresponding cost
breakdown line item number. This document must be signed by the owner and the contractor.
4. The draw must include all underlying invoices, lien releases, cancelled checks and w-9’s for each payee
5. All draw requests for any reimbursement previously paid for by the general contractor must be supported by ALL of
the following items: A) Material receipts marked “PAID” by the material supplier, B) Paid receipt from persons
performing any labor, C) Copy of canceled checks (front and back), D) Unconditional labor and or material release
(whichever is applicable), In no event will reimbursements be made for any cash payments made by owner, general
contractor, builder, or any sub-contractor regardless of any supplemental documentation submitted with the request.
6. Only those draws for items within the amounts stated on the cost breakdown will be honored. If the amount allotted to
an item on the cost breakdown is not sufficient to pay for its actual cost, the owner AND contractor may request in
writing, by use of reallocation form the surplus funds (from already completed items or items with a surplus verified
by current executed contracts) may be reallocated to the item needing additional funds. The owner AND contractor
may also request the use of any available contingency funds (disbursements of contingency funds shall not exceed the
overall percentage of completion as determined by a current inspection report performed by IFC. The request to
transfer funds is subject to lender approval.
7. Draws will be honored only if our construction inspector has verified that the labor has been performed and/or the
material has been installed and integrated into the site.
8. IFC may take up to five working days, from receipt of draw requests, prior to payment or return of said draw request
to accommodate the disbursement process.
9. Retention of construction funds will be required as agreed to by the Lender and the Owner.
10. All disbursements are subject to the final approval of the Lender
11. IFC is not a building code enforcer. IFC will not inspect for quality of work or be your agent in any manner.
12. Disbursements will be delayed if all of the above stated provisions are not fully satisfied.
I HAVE READ THE CONTENTS CONTAINED HEREIN AND HEREBY AGREE TO FULLY ABIDE BY THE
ABOVE REQUIREMENTS.
5. LENDER: INTEGRITY JOINT CONTROL INC., dba Integrity
Fund Control
By:________________________________________ By:_______________________________________
(Date) (Date)
BORROWER: CONTRACTOR:
By: ________________________________________ By: ______________________________________
(Date) (Date)
6. FORM 1
Construction Funds Request
This form provides both IFC and your
institution with a snapshot of the draw
request.
INTEGRITY HAS SIMPLIFIED
THE DRAW PROCESS WITH
AN EASY TO FOLLOW DRAW
PROCESS THAT IS AS EASY
AS 1, 2, 3!
OUR SIMPLE AND EASY TO
FOLLOW FORMS SAVES
YOUR INSTITUION BOTH TIME
AND MONEY.
FORM 1 CONSTRUCTION
FUNDS REQUEST
FORM 2 PAYEE LIST
FORM 3 BUDGET TRANSFER
REQUEST
FORM 4 RELEASES
Our proven process makes disbursing request
Fast, Easy, and Effective!
FORM 2 Payee List
This simple form spells out where the
money is going. It lists who is being
paid and how much. It includes which
line items are being drawn on and
includes a description section that
makes it easy for the contractor to ex-
plain what he is trying to accomplish.
Matthew Brantley
VP Business Development
brantley@integrityfundcontrol.com
Office +1 (657) 286-0060 ext 1856
Direct +1 (657) 286-0056
Mobile +1 (909)-278-9985
Fax +1 (714) 529-2408
7. REQUEST #:
TO: Integrity Fund Control
307 N Brea Blvd., Suite 202
Brea, CA 92821
DATE:
JOB#:
JOB ADDRESS:
OWNER:
CONTRACTOR:
BANK
CONSTRUCTION AMOUNT:
REVISED CONSTRUCTION AMOUNT:
TOTAL REQUESTED PRIOR:
CURRENT REQUEST:
CONSTRUCTION BALANCE:
Borrwer:
Contractor:
FORM 1 - CONSTRUCTION FUND REQUEST
8. JOB # JOB NAME:
Total amount of Draw
LINE ITEM # AMOUNT
$0.00
X
OWNER:
X
CONTRACTOR:
FORM 2 - PAYEE LIST
PAYEE DESCRIPTION
** 2 SIGNATURES REQUIRED **
9. FORM 3
Budget Transfer Request
Contracts are sometimes renegotiated
and need to have funds reallocated.
Our budget transfer form makes track-
ing these changes and explaining them
fast easy.
INTEGRITY HAS SIMPLIFIED
THE DRAW PROCESS WITH
AN EASY TO FOLLOW DRAW
PROCESS THAT IS AS EASY
AS 1, 2, 3!
OUR SIMPLE AND EASY TO
FOLLOW FORMS SAVES
YOUR INSTITUION BOTH TIME
AND MONEY.
FORM 1 CONSTRUCTION
FUNDS REQUEST
FORM 2 PAYEE LIST
FORM 3 BUDGET TRANSFER
REQUEST
FORM 4 RELEASES
Protecting your interests is what we do!
FORM 4 Releases
Perhaps the most important form we
provide are the releases. These forms
are the contractors release of interest
and are critical in avoiding any claims
by the contractor, sub contractor, and
any vendors at the end of the project.
Matthew Brantley
VP Business Development
brantley@integrityfundcontrol.com
Office +1 (657) 286-0060 ext 1856
Direct +1 (657) 286-0056
Mobile +1 (909)-278-9985
Fax +1 (714) 529-2408
10. Draw #:
DATE:
JOB#:
JOB ADDRESS:
OWNER:
BANK
CONTRACTOR:
BANK APPROVAL,
IF REQUIRED:
*If eliminating items, provide explanation for eliminating items below.
Owner and/or Contractor hereby request transfer of the following items in the nearest whole dollars:
Transfer From:
Item # Item Description Budget Amount Transfer Amount
1 2 -$ -$
-$ -$
-$ -$
-$ -$
-$ -$
-$ -$
TOTAL -$
Transfer To:
Item # Item Description Budget Amount Transfer Amount
-$ -$
-$ -$
-$ -$
-$ -$
-$ -$
-$ -$
TOTAL -$
Eliminating Items:
Item # Reason:
Contractor:
2 SIGNATURES REQUIRED
FORM 3 - BUDGET TRANSFER REQUEST
sign here
Owner:
11. Identifying Information
Name of Claimant:
Name of Customer:
Job Location:
Owner:
Through Date:
Conditional Waiver and Release
Maker of Check:
Amount of Check:
Check Payable to:
Date(s) of waiver and release:
Amount(s) of unpaid progress payment(s):
Claimant's Signature:
Claimant's Title:
Date of Signature:
REVISION 07-01-12
CONDITIONAL WAIVER AND RELEASE UPON PROGRESS PAYMENT
CALIFORNIA CIVIL CODE § 8132
NOTICE: THIS DOCUMENT WAIVES THE CLAIMANT'S LIEN, STOP PAYMENT NOTICE, AND PAYMENT BOND RIGHTS
EFFECTIVE ON RECEIPT OF PAYMENT. A PERSON SHOULD NOT RELY ON THIS DOCUMENT UNLESS SATISFIED THAT THE
CLAIMANT HAS RECEIVED PAYMENT.
This document waives and releases lien, stop payment notice, and payment bond rights the claimant has for labor and service
provided, and equipment and material delivered, to the customer on this job through the Through Date of this document.
Rights based upon labor or service provided, or equipment or material delivered, pursuant to a written change order that has
been fully executed by the parties prior to the date that this document is signed by the claimant, are waived and released by
this document, unless listed as an Exception below. This document is effective only on the claimant’s receipt of payment from
the financial institution on which the following check is drawn:
INTEGRITY FUND CONTROL
$
Exceptions
This document does not affect any of the following:
(1) Retentions.
(2) Extras for which the claimant has not received payment.
(3) The following progress payments for which the claimant has previously given a conditional waiver and release but has not
$
(4) Contract rights, including (A) a right based on rescission, abandonment, or breach of contract, and (B) the right to recover
compensation for work not compensated by the payment.
12. Identifying Information
Name of Claimant:
Name of Customer:
Job Location:
Owner:
Conditional Waiver and Release
Maker of Check:
Amount of Check:
Check Payable to:
Exceptions
This document does not affect any of the following:
Disputed claims for extras in the amount of:
Claimant's Signature:
Claimant's Title:
Date of Signature:
REVISION 07-01-12
$
$
CONDITIONAL WAIVER AND RELEASE UPON FINAL PAYMENT
CALIFORNIA CIVIL CODE § 8136
NOTICE: THIS DOCUMENT WAIVES THE CLAIMANT'S LIEN, STOP PAYMENT NOTICE, AND PAYMENT BOND RIGHTS
EFFECTIVE ON RECEIPT OF PAYMENT. A PERSON SHOULD NOT RELY ON THIS DOCUMENT UNLESS SATISFIED THAT THE
CLAIMANT HAS RECEIVED PAYMENT.
This document waives and releases lien, stop payment notice, and payment bond rights the claimant has for labor and
service provided, and equipment and material delivered, to the customer on this job. Rights based upon labor or service
provided, or equipment or material delivered, pursuant to a written change order that has been fully executed by the
parties prior to the date that this document is signed by the claimant, are waived and released by this document, unless
listed as an Exception below. This document is effective only on the claimant's receipt of payment from the financial
institution on which the following check is drawn:
INTEGRITY FUND CONTROL
13. Identifying Information
Name of Claimant:
Name of Customer:
Job Location:
Owner:
Through Date:
Unconditional Waiver and Release
payment:
Claimant's Signature:
Claimant's Title:
Date of Signature:
REVISION 07-01-12
This document waives and releases lien, stop payment notice, and payment bond rights the claimant has for labor and
service provided, and equipment and material delivered, to the customer on this job through the Through Date of this
document. Rights based upon labor or service provided, or equipment or material delivered, pursuant to a written change
order that has been fully executed by the parties prior to the date that this document is signed by the claimant, are waived
and released by this document, unless listed as an Exception below. The claimant has received the following progress
$
Exceptions
This document does not affect any of the following:
(1) Retentions.
(2) Extras for which the claimant has not received payment.
(3) Contract rights, including (A) a right based on rescission, abandonment, or breach of contract, and (B) the right to
recover compensation for work not compensated by the payment.
UNCONDITIONAL WAIVER AND RELEASE UPON PROGRESS PAYMENT
CALIFORNIA CIVIL CODE § 8134
NOTICE TO CLAIMANT: THIS DOCUMENT WAIVES AND RELEASES LIEN, STOP PAYMENT NOTICE, AND PAYMENT BOND
RIGHTS UNCONDITIONALLY AND STATES THAT YOU HAVE BEEN PAID FOR GIVING UP THOSE RIGHTS. THIS
DOCUMENT IS ENFORCEABLE AGAINST YOU IF YOU SIGN IT, EVEN IF YOU HAVE NOT BEEN PAID. IF YOU HAVE NOT
BEEN PAID, USE A CONDITIONAL WAIVER AND RELEASE FORM.
14. Identifying Information
Name of Claimant:
Name of Customer:
Job Location:
Owner:
Unconditional Waiver and Release
Exceptions
This document does not affect any of the following:
Disputed claims for extras in the amount of:
Claimant's Signature:
Claimant's Title:
Date of Signature:
REVISION 07-01-12
UNCONDITIONAL WAIVER AND RELEASE UPON FINAL PAYMENT
CALIFORNIA CIVIL CODE § 8138
NOTICE TO CLAIMANT: THIS DOCUMENT WAIVES AND RELEASES LIEN, STOP PAYMENT NOTICE, AND PAYMENT BOND
RIGHTS UNCONDITIONALLY AND STATES THAT YOU HAVE BEEN PAID FOR GIVING UP THOSE RIGHTS. THIS
DOCUMENT IS ENFORCEABLE AGAINST YOU IF YOU SIGN IT, EVEN IF YOU HAVE NOT BEEN PAID. IF YOU HAVE NOT
BEEN PAID, USE A CONDITIONAL WAIVER AND RELEASE FORM.
$
This document waives and releases lien, stop payment notice, and payment bond rights the claimant has for labor and
service provided, and equipment and material delivered, to the customer on this job. Rights based upon labor or service
provided, or equipment or material delivered, pursuant to a written change order that has been fully executed by the
parties prior to the date that this document is signed by the claimant, are waived and released by this document, unless
listed as an Exception below. The claimant has been paid in full.
15. 307 N Brea Blvd. Ste 202 , Brea, CA 92821
OFFICE: +1 (657) 286-0060 FAX: +1 (657) 286-0059 WEB: http://IntegrityFundControl.com
Project Cost Analysis
Project Name: Hotel & Resort
Project Address: Hollywood, CA
Date Prepared:
Project Description:
June 6, 2015
Hotel and Restuarant
The Budget provided by the borrower appears to be within industry standards for this type of
project as shown by the following summary.
16. Projected Costs Per Analysis $64,619,552.00
Project Costs Per Client Cost Breakdown $66,000,000.00
Client Difference Over/(Under) $ 1,380,448.00
%Client Difference Over/‐Under < 2.2%
June 6, 2014
Executive Vice President
Re: Budget Analysis – Casino
Dear Mr.
As Requested, we have completed an analysis of the Hotel and Casino construction budget. The
subject property, located in Las Vegas, Nevada consists of a multi‐story hotel, casino, and
parking structure, totaling of 125,585 square feet, 93,440 square feet, and 124,880 square feet.
The project also includes major site improvements. Finishes appear to be above average. Site
improvements include extensive grading, paving, and a pool. The plans provided lack specific
detail to provide a full and comprehensive analysis.
The analysis included a review of the project’s construction budget for adequacy and
completeness. Each budget item was independently reviewed with variations, if any, noted and
highlighted in the attached report.
The budget used for the analysis included the cost breakdown by the Building Group, the
architectural drawings prepared by ________ with a plot date of May 2, 2014 and Improvement
plans by ________ with a plot date of May 2, 2014. Architectural plans are a design
development set only. Specific details are not provided. Mechanical, engineering, and plumbing
plans were not provided. Please note in order to provide a complete and thorough analysis a
complete set of plans is required. The analysis was conducted using several methods of cost
validation including comparison to current material costs and reference to Marshall and Swift
Valuations, R.S. Means Building Construction Cost Data, and Xactimate Estimating Software
v27.5. Lacking detailed plans, the basis for our analysis is a comparison of similar expected costs
for like‐kind projects in the Las Vegas area and unit cost analysis.
21. Inspection Report
Enrty monuments under
construction. Roof complete
site work underway
Stored plant material for
landscaping. Some mature
trees already installed.
Phone +1 (657) 286-0060 - Fax +1 (657) 286-0059 - Web IntegrityFundControl.com
307 N Brea Boulevard, Brea CA 92821
22. Inspection Report
Kitchen cabinets installed and
partial molding detail.
Countertops and backsplash
installed in kitchen
Phone +1 (657) 286-0060 - Fax +1 (657) 286-0059 - Web IntegrityFundControl.com
307 N Brea Boulevard, Brea CA 92821
23. Inspection Report
Elevator lift mechanism
installed.
Example of plaster finish and
paint currently underway
throughout the house.
Phone +1 (657) 286-0060 - Fax +1 (657) 286-0059 - Web IntegrityFundControl.com
307 N Brea Boulevard, Brea CA 92821
25. Big Construction Company
BUILDER/PHONE:
Inspections Report - +1 (657) 286-0060
SITE CONDITIONS: Good
JOB PROGRESS: Good
SUPERVISION: Present
TRADES PRESENT: superintendent, flooring, masonary, tile, cabinet installers, finishers, and paint
MATERIALS STORED: plubming, flooring, stone material and cabinets, plant material
COMMENTS: All finsh trades are in full swing,A1 crews of tile, flooring and cabinet installers.. Work continues to be conducted in a
professional manner site appears neat and organized and subcontractors adhering to all general conditions.
Phone +1 (657) 286-0060 - Fax +1 (657) 286-0059 - Web IntegrityFundControl.com
307 N Brea Boulevard, Brea CA 92821
26. Professional analysis of “cost to com-
plete” budgets providing powerful insight
to help your institution mitigate risk.
Customizable management of draw re-
quests and disbursements to fit your
institutions requirements.
Inspections of your projects making
disbursements a breeze.
Administration of 1099’s directly to ven-
dors and the IRS.
Fees are based on many factors including but not limited to
Size and scope of project
Project Location
Duration of project
Contact an IFC Specialist to get your personalized quote!
+1 (657) 286-0060
Project Size Fee
Up to $249,000 Flat $1200
$250,000 to $4,999,99 0.35% to 0.50%
Over $5,000,000 0.20% to 0.45%
