Built by real estate professionals

Accelerate Your CapEx. Slow money costs real money.

Waiting on a draw isn't free. Relay builds your construction draws, replacement reserves, and budget straight from your data, so submission day is a review, not a scramble.

For the asset managers and accounting teams who run construction draws and replacement reserves.

Book a demo
Summit Finishes · $7,305
→ Finishes & Flooring
Precision MEP · $11,765
→ Mechanical
Ironclad Steel · $15,450
→ Structural
Draw 11 · Package ready for review
47 invoices · waivers and checks on file
50,000+
units managed
$250M+
CapEx processed
4+ hrs
saved per draw

Manual draws put your schedule and your capital at risk.

Spreadsheets and email chains are where draws slow down, get kicked back, and cost money. It's not just busywork. It's interest, idle crews, and lost time.

Draw_Request_Draw10_v3.xlsxReturned
Site work$0$418,200
Framing$186,400$1,021,700
Mechanical$11,765$402,900
Finishes$7,305$96,150
Contingency$0$22,000
Servicer · Re: Draw 10

Please resubmit on our template. Highlighted lines need conditional waivers before we can fund.

Received 6 days before funding date

Kicked back by the servicer

The problem

Kicked back by the servicer

Every servicer wants the draw its own way. One wrong column, one missing conditional waiver, and the package comes back redlined, a week before funding was due.

AP_Export_Oct.xlsx212 rows
Ironclad SteelINV-5573
$15,450.00
Ironclad SteelINV-5573
Paid twice$15,450.00
Mechanical · budget line112% drawn
Three invoices coded to the wrong category

Errors that cost real money

The problem

Errors that cost real money

A duplicate invoice paid twice. An ineligible job cost code submitted on the draw. Your team finds it months later, in reconciliation, and eats the difference.

Draw 10 · submitted Sep 12
Day 47. Still not funded.
SF
Summit Finishes
7:48 AM

Any update on the October payment? We're holding the crew for Bldg C until it clears.

Ownership · wire
$186,400
bridged from operating cash

Vendors waiting to be paid

The problem

Vendors waiting to be paid

A late draw is a late payment. GCs who wait sixty days put their crews on the job that pays on time, and ownership ends up bridging the gap from operating cash.

Asset manager · this week9h of data entry
Rename 50 invoice PDFs by property2h
Match AP export to draw tracker3h
Chase waivers: Halcyon, Apex, Precision1h
Re-key totals into servicer template2h
Find check copies for Draw 91h
Walk Riverside with the GC · Review Q4 CapEx plan

Your best people doing data entry

The problem

Your best people doing data entry

The week before a draw, the asset manager and the controller rename PDFs, re-key totals, and chase waivers. That is the week they are not on the properties or the deals.

The cost shows up a month later, on the loan.

Every month a draw slips is a month of interest, insurance, and overhead with no funding against it. Multiply it by the properties in the portfolio and the slow draw is the most expensive line nobody budgets for.

Every piece, in one place.

AI for construction draws

Draw packages assembled for you. Reviewed in minutes.

Relay's AI reads every invoice, reviews property and unit history, references your loan documents, and builds the package as it goes.

Relay gathers all documentation and sorts it out.

Invoices arrive from RealPage, your inbox, or a dropped folder. Relay's AI reads each one, identifies the property, and allocates every line item to the right budget category, with duplicates flagged before they touch a budget.

  • Synced from RealPage, forwarded by email, or dragged in
  • Property and budget line identified from the document itself
  • Filtered by job cost code, so every line lands where the lender expects it
How Relay reads your documents
Integration partnersRealPageEliseAISoon
Who runs on Relay

Built for the people who actually run the draw.

Accounting

Know what's been drawn without rebuilding the history.

Relay keeps every invoice with its draw, its status, and what the servicer did with it: funded, not drawable, or rolled to the next draw. Every line carries its job cost code and GL account, so the draw ties out to the books. When the next draw starts, it already knows what's new.

For accounting teams
A man and a woman working together at an office desk
Invoices · Meridian · Draw 10
INV-557305-200 · GL 1520Funded
INV-091709-600 · GL 1540Not drawable
INV-334115-400 · GL 1530Next draw
Draw 11 opens knowing all of this.

Both sides of your capital plan.

Relay runs construction draws and replacement reserves at the same time, across every property in your portfolio.

Construction Draws

Build every draw in the background.

Invoices arrive, allocate to budget lines automatically, and build toward the amount you need to submit, no manual tallying.

Draw 11 Threshold met
$205kof $150k minimum
47 invoices auto-allocated · package ready for review
Budget allocationDraw package generationLien waiver checks
See construction draws
Replacement Reserves

Fund replacements the moment they come up.

Relay tracks the escrow balance, monthly deposits, and your minimum draw, so you know what you can request and when. Repairs are logged as invoices arrive, and the request is ready once you clear the minimum.

Park Ridge · Reserve escrow
$425,000
+$8,750 / mo
deposit on the 5th
Replacementsmin draw $5,000
Washer / dryer · 4B$1,450Funded
HVAC compressor$6,200Approve & fund
Cabinets · 12A$3,800Queued
Escrow trackingMonthly depositsMinimum draw
See replacement reserves
Insurance

Property insurance claims too?

Agentic claims processing for adjusters and property owners. Manage approved scopes and generate SoLs.

See Relay for insurance

Less than you'd think. Relay starts from your current budget, draw tracker, and servicer requirements. What changes is who does the matching and the checking.

Book a demo

See your next draw
build itself.

50K+
units managed
$250M+
CapEx processed
4+ hrs
saved per draw
Which product(s) are you interested in?