Customizing Funds Controls and Lien Updates for Commercial Lending

Learn how to manage funds controls and lien updates based on unique project characteristics

Overview: This webinar focuses on how bankers can customize funds controls and lien updates based on the unique characteristics of a project. Learn the range of funding controls available to banks and explore how liens and waivers work.

Presenters: Hear from Richard Hamm with Advantage Consulting, who has been training bankers on commercial lending for over 25 years, and Will Mitchell, CEO of Rabbet, a construction finance platform used by lenders, real estate developers, and service providers.

Target Audience: Commercial lenders, credit analysts and support staff that deal directly with commercial construction loans; mortgage bankers, private bankers, small business lenders, loan review specialists, special assets officers, lending managers, and credit officers indirectly involved in the construction lending process

Estimated Program Length: 60 minutes

Program Description: Construction loans for commercial real estate (CRE) have many moving parts. In our first program, we provided an overview of the key issues involved in analyzing and assessing the risk involved in a specific project as an important step to planning a customized approach to the administration for the project.

Our second program focused on how the structure of a project affects administration steps, in addition to the risk profile. We continued with the theme that construction risk elements are not equal in every project, so why try to create a “one size fits all” or standard approach to every project?

In this program, we explore how banks apply the risk profile and project type to funding controls and lien updates. First, we’ll look at the range of funding controls that banks employ, from minimal structure to more or maximum controls. Second, we’ll look at the concept of liens and the basics of how waivers work. While some of the details vary from state to state, most lenders have a range of options to choose from, depending on the level of risk in the specific project.

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You'll hear from:

Richard Hamm, Advantage Consulting

Richard Hamm has been training bankers for 29 years, designing and delivering courses specializing in commercial lending and credit, including portfolio and risk management, commercial real estate (CRE) and appraisals, plus selling and negotiating skills, and director training.
Will Mitchell, Rabbet

Will is the co-founder and CEO of Rabbet, a software helping real estate developers and lenders efficiently manage construction finances. Will spent 10+ years in commercial real estate and completed his undergraduate studies in architecture and structural engineering from the University of Virginia.