Construction hard costs, also known as direct costs, are expenses that are directly associated with the physical construction of a project. Construction soft costs, also known as indirect costs, are expenses that are not directly related to the physical construction but are necessary for the successful completion of the project.
Hard Cost vs Soft Cost in Construction Read More »
Investing in construction loan management software will provide immediate advantages that your team and your customers will appreciate. It will set you up to scale successfully and provide a stand-out experience to drive repeat business.
An Insider’s Guide to Streamlining Construction Loan Management with Software Read More »
There is a continuous discussion around best practices, differences, and use cases among construction and renovation lenders regarding General Liability Insurance and Builder’s Risk Insurance policies. These two insurance products are not interchangeable and serve entirely different purposes.
How Lenders Can Understand General Liability Insurance and Builder’s Risk Insurance Read More »
These seven critical questions will help you to make informed decisions about construction lines of credit for construction and renovation lending. Bonus: Listing of warehouse banks offering construction lines.
7 Questions To Ask Warehouse Banks When Considering Construction Lines Read More »
Private lenders can standardize their construction lending processes for growth and profit with some examples from Temple View.
Optimizing Fix and Flip Programs for Growth and Profit Read More »
Independent mortgage bankers can survive margin compression with a healthy mix of loan products. Learn more about these loan products in this blog.
The Squeeze: How Independent Mortgage Bankers Can Survive Margin Compression Read More »
Community bankers have historically considered construction loans an essential part of their loan portfolio. Whether or not you currently have programs running, the current market conditions lend themselves to an opportunity of portfolio growth with construction lending.
Growing Your Loan Portfolio with Construction Lending Read More »
Surveys and Foundation Endorsements play an important role in construction finance and protect financial institution’s physical interests in real estate. It’s important for construction lenders to fully understand their purpose and benefits when utilizing the tools.
Utilizing Surveys And Foundation Endorsements To Prevent Costly Mistakes Read More »
In an ever-changing climate of rising material costs, lenders should pay close attention to Contingency Reserve Accounts, Builder Acknowledgement Forms, and their Change Order Policy.
How Lenders Can Navigate Rising Material Costs Read More »
Remote Inspections is a new method of procuring a professional inspection, without the health risk of traditional inspections. Learn how Remote Inspections can be used for very remote locations.
Inspections in Remote Areas Read More »
