Construction Loan Monitoring Services
EBI Consulting offers complete Construction Loan Monitoring services for financial institutions and real estate investors. Loans for new construction, land development, building renovation and adaptive re-use of existing properties present unique risks to lending professionals and real estate investors. Early and comprehensive evaluation of project documents and systematic monitoring of construction and disbursements are key to the successful management of those risks. EBI offers a three step plan to successful Construction Loan Monitoring.
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Construction Loan Monitoring Policy: EBI’s team of construction professionals is ready to assist you in the implementation, updating or development of effective Construction Loan Monitoring policies. EBI’s team of Construction Professionals can effectively assist in the implementation of your existing policies, help with development of new policies or work with you to develop Construction Loan Monitoring Policy.
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Construction Plan and Cost Report (CPCR): Our Construction Plan and Cost Report offers an early and comprehensive review of architectural, engineering, budget and contract documents for consistency, feasibility and adequacy. This comprehensive review and report provides an early opportunity to identify and eliminate issues before they become problems.
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Construction Monitoring Report (CMR): Each monthly Construction Monitoring Report provides an up to date evaluation of the project based on onsite project observations, discussions with project personnel, a review of updated project documents, and Request for Disbursement including the Application and Certificate for Payment, Change Order requests and Lien Waivers concluding with concise disbursement recommendations.
Each of your projects is staffed by a team of experienced EBI Construction Professionals providing an unrivaled level of responsiveness through direct and personal phone, electronic and face to face communication.
EBI Consulting provides nationwide Construction Loan Monitoring services and our staff of construction professionals is ready to assist in your management of all types of residential and commercial construction loans.
Other real estate due diligence consulting services provided by EBI Consulting include:
Learn more about EBI Consulting’s due diligence consulting services by calling 781.273.2500 or emailing info@ebiconsulting.com. We'll be happy to discuss your construction loan monitoring needs.