Phase I – Due Diligence Review
Lenders and real estate investors need to understand the physical and technical condition of projects they finance or acquire. At RLB, we ensure comprehensive due diligence with a Preconstruction Project Overview, Projected Performance analysis, Contract Review, and Contingent Equity assessment, providing the same level of detail as market feasibility reports and real estate appraisals.
Phase II – Monitoring
The objective of construction progress monitoring is to serve as the lender’s source for on-site construction information. If applicable, RLB will confirm information provided by the loan recipient and will provide the following services, usually on a monthly basis. These services include site inspections with photographic documentation of the site, construction progress reports, lien waiver receipt and reconciliation, pay request reviews and recommendations for disbursement, loan budget and cost analysis, cost-to-complete analysis, change order review and analysis, assessment of conformance with plans and specifications, and analysis of the construction schedule.
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FURTHER INFORMATION
