Module CONL01
Construction Loans
Handle a construction loan properly: the build contract, progress payments, drawdowns and the valuation.
Construction lending has moving parts that a standard purchase does not. This session covers how construction loans work, the fundamentals of a build contract, how lenders and valuers view a construction deal, and how the drawdown process funds each stage. You finish able to manage a construction file through its progress payments without losing track.
What you will be able to do
- ✓ Explain how a construction loan works
- ✓ Read the fundamentals of a build contract
- ✓ Interpret the valuation and the lender's view
- ✓ Manage progress payments and drawdown funds
Format
- ✓ One live session of two hours, on Zoom, camera on
- ✓ A small group, so there is room for real questions on real files
- ✓ 2 CPD points, recognised by MFAA and FBAA
- ✓ A free re-sit for six months if you want to revisit it
Part of these tracks
This module is included in this course track, or you can take it on its own.
- Loan Packager & Credit 12 modules