Project Centerline

Project Centerline is a draw management platform designed for the construction and lending industries. According to the vendor, this user-friendly software aims to streamline the draw process, potentially reducing the time it takes to complete draws and providing a potential competitive advantage for businesses in the construction and lending industries. It caters to a wide range of professionals and industries, including construction companies, lenders and financial institutions, real estate developers, architects and engineers, and project managers.

Key Features

Draw Software: According to the vendor, this draw software aims to simplify the draw process, potentially reducing the time it takes to complete draws and providing a potential competitive advantage.

Digital Inspections: Project Centerline offers digital inspections that allow borrowers to take verified photos of the project site. These photos are authenticated for location and authenticity, and users can switch between digital, virtual, and physical inspections on demand, according to the vendor.

Virtual Inspections: Project Centerline enables users to conduct inspections with licensed professionals who have construction expertise through live virtual meetings. The vendor claims that this feature can potentially ensure accurate and thorough inspections, and it can be used for pre-closed loans and site verification.

Physical Inspections: Project Centerline arranges for third-party onsite inspections, providing users with a range of options to match different timeframes, price points, and service levels, according to the vendor.

Payments: According to the vendor, this feature allows users to request payments from borrowers once a draw has been approved. Borrowers can conveniently make payments through their own portal, potentially providing a solution for cash management and the ability to mark up inspections for revenue generation.

Feasibility/Constructability Reviews: Project Centerline offers services such as feasibility and constructability reviews. The vendor claims that it provides title reports, automated models, and appraisals to support the construction loan portfolio.

Project Management: Project Centerline integrates scheduling with payments for efficient project management. It also includes a file management system for easy organization and access to project documents, according to the vendor.

Onboarding and Support: According to the vendor, Project Centerline ensures a simple onboarding process without complex migrations or lengthy setups. Users receive unlimited live support to assist with any questions or issues they may encounter.

Portfolio Management: Users can view their entire loan portfolio in one place, potentially gaining insight into portfolio health and draw status, according to the vendor.

Budget Import: Project Centerline allows users to import budgets from Excel with just one click, potentially streamlining the budget import process for convenience and efficiency, according to the vendor.