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.
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.
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.
Construction lenders may have more in common with survival specialists than they think. This fun blog post details the skills successful construction lenders have that help them to thrive with construction and renovation lending.