Calendar of Events

  • Residential Construction Lending

    Jun 25th, 2018
    1:30pm - 3:30pm
    Residential Construction Lending

    Presented by Richard Hamm
    Monday, June 25th, 2018
    1:30 pm - 3:30 pm CT
     

    COVERED TOPICS

    • What is construction risk and how is it mitigated?
    • What additional due diligence is needed, beyond a conventional mortgage application and underwriting?
      • Full construction vs. repair/remodel
      • Construction contract and cost estimate issues (Description of Materials form)
      • Contractor credentials and qualifications
      • Plans and drawings
      • Survey
      • Title insurance
      • Appraisal issues
    • Loan pricing and structuring
      • Typical interest rate and fees
      • Construction loan agreements
    • Issues with draws and inspections, including cost over-runs and lien priority
    • How is the construction loan going to end (get repaid)?
    Register here

     

    More Details