Escrow & Letter of Credit Reductions

Municipalities and lenders often hold cash or a letter of credit while a project is built. They release it in stages once their inspector confirms the work is complete. PH&C manages those reductions so your capital is not held longer than the agreement requires.

What PH&C handles

• Reading the development agreement, ordinance, or loan terms to identify each release milestone.
• Keeping a log of every instrument, with the holder, the amount, and the conditions for reduction.
• Scheduling inspections when a milestone is complete.
• Obtaining engineer certifications, as-built drawings, test reports, and maintenance documentation.
• Submitting reduction requests with the attachments the holder expects.
• Following up with the municipality or lender until the release is processed.
• Coordinating the final release at the end of the maintenance period.

What you get

• A clear record of what is posted, what has been released, and what is still held.
• Requests filed as soon as milestones are met.
• Fewer delays caused by missing documents.
• Capital returned earlier, which lowers the cost of carrying it.

How it connects

Releases build on inspections coordinated through government agency coordination and on the records kept by construction coordination. Aerial photography under drone technologies can support progress documentation. If you have security posted that has not moved in some time, contact PH&C.