Residential Construction Lending: A Focus on Pre-Closing
While once a niche product, construction lending is becoming a mainstream and sought-after product solution. Inventory conditions, regulatory requirements, and technology offerings along with other key factors shape the market, allowing many banks, mortgage lenders and private money lenders to create profits and long terms benefits within this segment. However, with this evolution, pressure mounts to understand how to effectively create and maintain a profitable and successful residential construction and renovation program, either from the ground up or as an add-on to already existing business.
Led by Brad Meyer from Trinity Real Estate Solutions, learn about the three phases of residential construction lending, focusing on the pre-closing phase and highlighting builder reviews, collateral reviews, draw schedules and cost breakdowns. Additionally, the Trinity team will reference two of their self-authored construction-specific books, "Introduction to Residential Draw Inspections" and "Introduction to Residential Construction Lending," while sharing many tips to build long-term success.