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Course Details

Commercial Construction Lending

Webinar: ID# 1000588
Date: Recorded
Commercial Construction Lending
About This Course:
This training session provides an overview of the key steps involved in effectively administering commercial construction loans.What You'll Learn:
  • What is construction risk and how is it mitigated?
  • Differences between residential and commercial construction loans
  • What is High Volatility CRE (HVCRE)?
  • Issues with contractor qualifications, construction contracts and budgets
  • Five items that determine how you handle a specific loan
    • The type of project (full construction vs. renovation, etc.)
    • The loan approval and related conditions or contingencies
    • The term sheet or commitment letter written to the customer
    • Your bank’s policies and procedures
    • The construction loan agreement
  • Other key documentation
    • Title insurance
    • Survey
    • Bonding
  • Funding and draw controls
    • Inspections
    • Lien waivers and lien updates
    • Disbursement methods
    • Monitoring usage of budget contingency
    • Line item transfers
  • Completion of the project and (if applicable) stabilization
Order:
Commercial Construction Lending
Available on CD or On-Demand formats
Qty:
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