Program Description:
This AIB course provides an overview of the
construction process that will help you better evaluate
and serve your construction borrower. It examines the
overall construction process and the documents
typically required for loan approval. Also included is
an overview of project types and the idiosyncrasies
pertaining to them. Specific topics include
construction document reviews, construction budgets,
soils reports, municipal approvals, loan administration
and project closing. Discussions include the loan
closing, payment disbursements and title work.
After successfully completing this course, the student will be able to:
- Understand the types of construction project
management
- Review a construction budget
- Describe the purpose of a soils report
- Understand the impact of municipal approvals
- Discuss the risks within budgets, soils reports, and municipal approvals
- Discuss the construction loan administration process
- Identify potential items of concern for certain project types
- Be familiar with general construction terms and concepts
Who Should Attend:
Entry-level commercial lenders and small business
bankers serving clients with construction needs,
managers and loan officers of construction lending
groups, and other bank personnel, such as analysts and
loan administrators involved with construction loans.
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