Residential Construction Lending 2024 | OnCourse Learning | 25 February 2024 | Webinar
Venue
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| Event Date |
Mon Feb 26 UTC (10 months ago)
In your timezone (EST): Sun Feb 25 7:00pm - Sun Feb 25 7:00pm |
| Location | Webinar |
| Region | All |
Details
Residential construction lending continues to expand slowly, along with the economy, with remodeling maintaining a large share of projects. This program provides an overview of the major issues involved in consumer or residential construction lending, primarily to individuals having a home built or remodeled.
What you'll learn:
• Construction risk and how is it mitigated
• Type of projects
• Full construction vs. repair/remodel
• Owner as borrower who hires a builder
• Builder/speculative
• Conventional mortgage application and underwriting
• 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 overruns and lien priority
• How is the construction loan going to end (get repaid)
Speakers
2024 Speakers
Richard Hamm
Commercial lending and credit, including portfolio and risk management, commercial real estate (CRE) and appraisals