Calendar of Events

Commercial Construction Lending

11/29/2017, 1:30 PM to 3:30 PM

No location provided

Amy Davis adavis@msbankers.com 601-948-6366

Description:

Commercial Construction Lending


Presented by Richard Hamm
Wednesday, November 29th, 2017
1:30 pm - 3:30 pm CT
 

Covered Topics:

  • 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
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