Construction Loan Monitoring 

EBI offers complete Construction Loan Monitoring services for financial institutions and real estate investors nationwide. Our services help assure clients that project documentation and costs are complete and sufficient.  

Pre-construction Services – Construction Plan and Cost Review
A Construction Plan and Cost Review (CPCR) is completed on all construction documents, including loan documents, contracts, specifications, plans, budgets, bids and permits. EBI analyzes the Construction Documents for adequacy, consistency, and feasibility.  Our findings are complied in our CPCR ahead of construction start-up. This comprehensive review and report provides an early opportunity to identify and eliminate issues before they become problems during construction.

Construction Services – Construction Monitoring Report
Construction Monitoring Reports (CMR) are completed on a monthly or as needed basis. The purpose of the Reports is to observe the status of the property, the progress of the work, and to review and comment on the Disbursement Request as submitted by the Borrower. Our reports provide an up to date evaluation of the project based on onsite observations, discussions with project personnel, a review of updated project documents, including the borrowers Request for Disbursement and the General Contractors’ Application and Certificate for Payment. Change Order requests and Lien Waivers are also reviewed depending on the scope of services selected by the client. Our Construction Monitoring Reports clearly discuss the project, its progress, the Application for Payment and other documents, and concludes with concise disbursement recommendations.