ARV Finance is a private lender specializing in fix-and-flip, ground-up construction, and bridge loans for real estate investors. Through responsive service and practical financing solutions, we help borrowers move projects from opportunity to completion. Our team values ownership, clear communication, and follow-through, giving employees the opportunity to make a direct impact on our clients’ success.

Senior Draw Asset Manager

(Construction & Bridge Lending)

Location: San Diego or Los Angeles office

Schedule: Hybrid, with at least three workdays per week in office

Position: Full-time

Base salary: $90,000 - $130,000 USD annual base salary (BOE), plus eligible for a performance-based bonus

About ARV Finance

At ARV Finance, we help real estate investors turn opportunities into results. Headquartered in Southern California, we’re a private lender specializing in fix-and-flip, ground-up construction, and bridge loans. We provide fast, flexible financing backed by responsive service, practical solutions, clear communication, and follow-through. Our team takes ownership of each transaction and works closely with borrowers from origination through the life of the loan.

Position Overview

The Senior Draw Asset Manager owns construction draw administration for ARV Finance’s active residential and commercial construction, rehab, and bridge loan portfolio. You’ll oversee disbursements from the first draw through final release, determine whether funding conditions have been met, and resolve issues that could jeopardize project completion, collateral, or lien priority.

You’ll be the primary contact for borrowers, contractors, inspectors, and title partners, and you’ll work closely with Asset Management, Treasury, Accounting, and Servicing. This role calls for someone who can make sound funding decisions under tight deadlines, explain those decisions clearly, and improve how the team manages a high-volume draw pipeline.

This is a hybrid position. Candidates must reside in the San Diego or Los Angeles area and be willing and able to commute to ARV Finance’s San Diego or Sherman Oaks office three days per week.

Key Responsibilities

Draw review and approval

·      Manage draw requests from intake through final disbursement. Review contractor statements, schedules of values, invoices, change orders, and AIA G702/G703 forms where applicable against approved budgets, scopes of work, and loan terms.

·      Order and evaluate third-party inspections. Compare site photos and reported completion percentages against the amount requested, prior disbursements, and remaining work.

·      Evaluate budget overruns, scope changes, and cost-to-complete shortfalls. Work with borrowers to resolve discrepancies and obtain additional borrower funds when required under the loan terms.

·      Document funding decisions, approve draws within delegated authority, and escalate exceptions or requests above approval limits. Coordinate timely disbursements, including same-day wires when funding conditions are met.

Portfolio risk and collateral protection

·      Coordinate title updates and applicable date-down or construction loan endorsements. Verify required title coverage, lien priority protections, and closing protection letters when applicable.

·      Review and track conditional and unconditional progress lien waivers and final releases from contractors, subcontractors, and suppliers. Confirm required closeout documents before releasing final funds or retainage.

·      Monitor permits, inspections, certificates of occupancy, project milestones, and loan maturities. Escalate stalled projects, funding gaps, and potential defaults. Coordinate extensions, reserve holdbacks, or notices with Asset Management and Legal as appropriate.

Treasury coordination and draw operations

·      Partner with Treasury to monitor unreimbursed advances against warehouse facility sublimits, advance rates, and funding requirements. Reconcile draw balances and interest accruals under the applicable loan terms.

·      Prepare approval memos and maintain complete records of draw decisions, supporting documents, exceptions, and disbursements. Coordinate wire execution and reconciliation with Accounting and Servicing.

·      Own pipeline reporting, turnaround times, and exception tracking. Set review standards, coach colleagues on complex files, and improve draw controls and workflows.

·      Set clear expectations with borrowers, contractors, inspectors, fund control agents, and title officers about documentation, inspections, and disbursement timing.

Qualifications

·      At least four years of relevant experience in construction draw administration, construction loan servicing, fund control, or asset management, including direct responsibility for reviewing construction draws.

·      Strong knowledge of construction budgets, schedules, change orders, cost-to-complete analysis, and AIA billing documents.

·      Working knowledge of California mechanics’ lien waivers and releases, construction title coverage, and disbursement controls.

·      Ability to interpret business-purpose loan agreements, notes, deeds of trust, and construction riders. Familiarity with holdback reserves, interest on advanced funds, and warehouse funding requirements.

·      Sound judgment and clear communication when enforcing loan conditions, resolving borrower or contractor disputes, and escalating exceptions.

·      Proficiency in Excel and experience with construction draw, loan servicing, or document management systems. Experience with Built, Rabbet, The Mortgage Office, or comparable platforms is a plus.

Compensation and Benefits

ARV Finance offers a robust compensation and benefits package designed to reward your contributions and support your well-being. In addition to competitive compensation and per-file closing bonuses, we offer health, dental, and vision insurance options and a 401(k) plan with a company match to help you build for the future. Our hybrid work environment provides flexibility, while opportunities for professional development and career advancement allow you to grow alongside our team.

·      Competitive annual compensation plus per-file closing bonuses

·      Health, dental, and vision insurance options

·      401(k) with company match

·      Opportunities to grow with an expanding private lending team

Benefits are subject to eligibility requirements and applicable plan terms.

Bonus awards are subject to the terms of the applicable bonus program.

Join Our Team

If you’re ready to take ownership of a construction draw portfolio, solve complex funding challenges, and help shape how a growing private lender manages draws, we’d like to hear from you. Apply with your résumé and tell us a little about your experience in construction draw administration or asset management.

ARV Finance is an equal opportunity employer. We consider qualified applicants without regard to legally protected characteristics and provide reasonable accommodation in the application process and workplace as required by law.