Construction Lending: Administering and Monitoring Commercial Construction Loans 2023 - Webinar | Iowa Bankers Association | 4 December 2023 | Virtual Event
Venue
What is Qwoted?
Qwoted is a free expert network: we help reporters connect with experts & we help those same experts build relationships with top reporters.
| Event Date |
Tue Dec 5 UTC (about 1 year ago)
In your timezone (EST): Mon Dec 4 7:00pm - Mon Dec 4 7:00pm |
| Location | Virtual Event |
| Region | All |
Details
This program covers the important steps involved in effectively administering commercial construction loans, including common errors to avoid. Such an approach generally does not adequately control the situation due to many important differences between residential and commercial projects.
Why you should attend:
• Differences between residential and commercial construction loans
• Factors to consider in gauging the level of risk involved in the project/loan
• Key issues with construction contracts, budgets and the interest reserve
• Items that determine how you handle a specific loan
• The level of construction risk
• The type of commercial construction situations (new construction, repair/renovation, etc.)
• The loan approval and related conditions or contingencies
• The commitment letter or term sheet written to the customer
• Your bank’s policies and procedures
• The construction loan agreement
• Adjustments as the project unfolds
• Tips for other documentation: Surveys, title insurance and bonding
• Funding controls: Inspections, lien waivers and disbursement methods
• Completion of the project and stabilization