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Fraud is a concern in almost any industry, but the area of construction seems to be particularly susceptible to this malady. As a fairly recent study has shown, the amount... Read More
Every loan-funded construction project will require a number of periodic onsite inspections. As the lending institution provides the funds for the construction project, it is in its utmost interest to... Read More
Complicated and multi-faceted endeavors with a large number of involved parties, construction projects encompass a broad range of potentially risky points that can result in grave financial consequences if the... Read More
Construction projects are complicated endeavors with numerous participants and processes. This is why it is nearly impossible to predict the exact amount of costs involved. Regardless of the amount of time... Read More
Construction projects and loans obtained to finance them contain a number of articles that may seem trivial at first but can lead to serious complications and problems if not given... Read More
What is Retainage? Retainage is the withholding of a portion of the funds that are due to a contractor or subcontractor until the construction project is finished. It is meant... Read More
Choosing a loan for your construction project is one of the most important decisions you will make. It is a long-term agreement with sizeable financial implications, and it is essential... Read More
The demand for construction loans has seen a steady growth over the past few years, and recent analysis shows the trend continuing in 2018. According to a study conducted by... Read More
What is a construction loan? That’s a beefy question with lots of variables. In this post, we’ll provide a big picture view of construction lending based on the questions we... Read More
Following the financial and banking crisis from 2008 to 2013, almost 500 banks failed. The cost to the FDIC fund came in around $73 billion including $12 billion from the... Read More
