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 CMI
offers complete
Construction Loan Monitoring
services for financial institutions and real
estate investors. Loans for new construction,
land development, building renovation, concrete
restoration 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. CMI,
through close coordination with it's Team of
experienced, professionally licensed
Construction, Architectural and Engineering
Professionals, offers a three step plan to
successful Construction Loan Monitoring.
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Construction Loan Monitoring
Policy: CMI’s team of
construction professionals is ready
to assist you in the implementation,
updating or development of effective
Construction Loan Monitoring
policies. CMI’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 & Cost
Containment Report (CCR):
Our Construction Plan & Cost
Containment 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, Percentages of
Completion Milestones, Change Order
requests and Lien Waivers concluding
with concise disbursement
recommendations. |
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Each
of your projects is staffed by a team of
experienced, professionally licensed
Construction Professionals providing an
unrivaled level of responsiveness through direct
and personal phone, electronic and face to face
communication.
CMI
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.
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