Lender Services

Prior to closing on a commercial loan, we can evaluate the viability of the project. What is the experience of the team? What ‘special’ or ‘unusual’ clauses are incorporated into the Owner’s contracts? We will review the plans for completeness, the budget for thoroughness, and the schedule for practical timing and action of activities so the Lender can be assured the project can be completed as desired.

Our team will compare the contractor’s schedule and verify the work in place vs. invoiced value to ensure you are not overpaying in advance.

Is the general contractor’s certificate of insurance current? Are payment and performance bonds required? Who holds the builder’s risk policy and who is responsible for the deductible? Have the specialty subcontractors applied for and working with a valid building permit?

Our service will reduce the need to use your calculator. A completed-to-date and payment tracking log with graphics will help you understand how the cost is coming in compared to the construction schedule.

A simple log with descriptions that highlight contract changes and associated costs.

Are you paying 50% of the contract cost when the schedule is only 35% complete? Our team will ask questions about what is driving or accelerating job cost so everyone understands where the money is going.

What is on site? What is not on site, but stored in a vendor’s warehouse? Certificates of insurance for stored materials, photographs, and invoices will become important for stored materials.

Our construction team will coordinate with the project superintendent to gain full access to the project site. We will report back to you with our observations.

Photographic back up to current work in place will be highlighted within our reports.

Relevant documents that support job cost invoicing. Examples of those documents include copies of building permits, lien releases, and/or certificates of insurance for stored materials.