- This event has passed.
Residential Construction Lending, Webinar
December 10 @ 1:30 pm - 3:30 pm CST
What is construction risk and how is it mitigated?
What additional due diligence is needed, beyond a conventional mortgage application and underwriting?
Full construction vs. repair/remodel
Construction contract and cost estimate issues (Description of Materials form)
Contractor credentials and qualifications
Plans and drawings
Loan pricing and structuring
Typical interest rate and fees
Construction loan agreements
Issues with draws and inspections, including cost over-runs and lien priority
How is the construction loan going to end (get repaid)?