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Introduction to Residential Draw Inspections By Trinity Performance Improvement
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Draw inspections play a major role in construction lending, but not everyone possess the skills necessary to perform a draw inspection. Trinity created this manual to allow readers to develop or... More > maintain the skill set necessary to understand and complete draw inspections. This book explains a variety of topics such as: - How to identify the six basic stages of construction and the components involved with each stage. - How to estimate the percentage of stage completion based on evidence given. - The characteristics and basics of a draw inspection. - How to complete a draw inspection report. Readers will explore the material through detailed information and over 160 photographs to accompany various aspects discussed, so he or she will have an easier time understanding the subject matter presented in the manual. This book will work as your go-to-guide for the motivated individual looking to expand your knowledge of this unique construction lending topic.< Less
Introduction to Residential Construction Lending By Trinity Performance Improvement
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Construction lending can be tricky. Because the process is intricate and involves numerous parties (including builders, contractors, accountants, appraisers, surveyors, and inspectors) many lenders... More > choose to avoid this type of loan. While the segment can be complicated, residential construction lending can also be abundantly profitable for those experienced lenders that engage in it -- but the processes and technology they adopt are critical to success. Indeed, the residential construction lending methodology must be handled with meticulous scheduling, detailed monitoring, and great finesse, considering all aspects of the loan. These mechanisms include the construction contract, construction cost breakdown, plans and specifications, draw (progress) inspections, local permitting requirements, certificate of occupancy, periodic funding to builders or borrowers, retainage, mechanic liens, and much more. Trinity's introductory manual explains a variety of topics to guide you through the process.< Less

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