I’m not sure I understand. I have some property flipping clients and want to make sure I understand. If the HUD closing statement has the loan amount as the 618k (posters example) and then says there’s a 151k holdback. In my mind, the 151k is part of the 618k, not added on top of it. 

wouldn’t the loan technically only be 467k and then each draw/deposit afterwards would be added to the note? Where I get lost is if I do the 618k note at closing, how do I categorize the draw deposits coming in after?