Entering a loan agreement for a construction loan will often entail a need for construction loan monitoring in the project. The lender will generally impose requirements to ensure that construction takes place in accordance with progress plans, and that disbursements in the project lead to value creation at the construction site. To ensure that the project can be completed as planned, the lender will also require a feasibility assessment while it is in progress.
A construction loan monitor contributes to value creation for all project parties by identifying pitfalls or risk factors early in the process, allowing measures to be taken to avoid further expenses.
When performing construction loan monitoring, we conduct a feasibility assessment of the entire project, inspect permits that have been granted, survey construction expenses, and confirm that the contractor is executing the initiative in accordance with the specified plans.