Construction Lending Services
With over 100 years of combined experience and practical knowledge Triple D Development
(TDD) can assist your lending team with a wide array of Construction Lending Services.
TDD principals are licensed General Contractors who have developed, owned and managed
commercial properties including retail, office, industrial and mix use, multi-family
properties, single family residence and have done large scale site development.
We provide varying degrees of consulting services for construction and permanent
lenders. Reports are geared and can be customized to provide all the information
needed for sound lending practices and to meet regulatory requirements. We are dedicated
to maintaining long-standing relationships by fulfilling our commitment to excellence
on every job.
SERVICES TRIPLE D DEVELOPMENT PROVIDE
- I. PRE-LOAN SERVICES
- 1. Feasibility Studies-Risk Analysis-Pro-Forma Review
- 2. Appraisal & Loan Proposal Review
- 3. Background Checks
- 4. Preliminary Site Review
- II. CONSTRUCTION PERIOD SERVICES
- 1. Review of Contracts & Purchase Order
- 2. Review of Plans & Specifications
- 3. Submittal Review
- 4. Review of Schedule of Values
- 5. Budget Analysis
- 6. Value Engineering
- 7. Safety Compliance
- 8. Period Disbursement Inspections
- 9. Construction Cost Changes Review & Analyses
- 10. Project Scheduling (critical path)
- 11. Establishing Cost to Complete
- 12. Construction Loan Close Out
- a. Substantial Completion
- b. Final Completion
- c. Project Close out
- d. Lien Releases
- e. Warranty
- III. DISPUTE RESOLUTION
- 1. Lien Releases & Waivers of Lien
- 2. Mediation
- 3. Arbitration