Once the loan is closed, NFC will hold all the funds for the rehab/repairs in an escrow account. NFC holds an additional 10% contingency for any overage during the rehab process. As projects are completed, the borrower will provide the required documentation to NFC. NFC will inspect the improvements. If satisfactory, NFC will cut a check to the Contractor, which will be ready to be picked at NFC on Tuesday or Friday, after 4:00 pm.