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Description
Construction lending can be tricky. Because the process is intricate and involves numerous parties (including builders, contractors, accountants, appraisers, surveyors, and inspectors) many lenders choose to avoid this type of loan. While the segment can be complicated, residential construction lending can also be abundantly profitable for those experienced lenders that engage in it -- but the processes and technology they adopt are critical to success. Indeed, the residential construction lending methodology must be handled with meticulous scheduling, detailed monitoring, and great finesse, considering all aspects of the loan. These mechanisms include the construction contract, construction cost breakdown, plans and specifications, draw (progress) inspections, local permitting requirements, certificate of occupancy, periodic funding to builders or borrowers, retainage, mechanic liens, and much more. Trinity's introductory manual explains a variety of topics to guide you through the process. Read more
Publisher : Trinity Real Estate Solutions, Inc.
Publication date : August 2, 2018
Language : English
Print length : 98 pages
ISBN-10 : 0990992810
ISBN-13 : 13
Item Weight : 8.6 ounces
Reading age : 1 year and up
Dimensions : 8.5 x 0.23 x 11 inches
Best Sellers Rank: #3,460,273 in Books (See Top 100 in Books) #223,691 in Business & Money (Books)
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