Improving business confidence amid complexity.
Our team is divided into two servicing disciplines: construction draw request monitoring, and covenant testing and monitoring.
- Construction draw request monitoring includes the assessment of defined conditions precedent to funding and that the project budget remains in balance. We facilitate and assimilate all information necessary to review each draw request from the general contractor and/or project management firm, including the receipt and review of all required lien waivers, insurance certificates, project engineering and architectural analyses and reports, supporting invoices and other documentation, as well as the project budget and the adequacy of the projected sources and uses of funds to complete the project.
- Covenant testing and monitoring related to credit and other business loan agreements involves the independent analysis of information required to confirm the validity or compliance of certain covenants or other performance metrics deemed necessary by the creditor.
Contact us today to learn more about how our construction management support and covenant monitoring services can help your business.