Construction Loan-in-Process

This Construction Loan-in-Process course focuses on construction lending, primarily from a bank's point of view. It is the third and final course in the three-part series, and should be taken after Construction Finance Fundamentals and Structuring a Construction Loan. In this course, we discuss the payment cycle, how holdback or retainage clauses are applied, and various legal tools related to construction payments. Later on in the course, we also discuss the loan monitor's role, change order and contingencies, what to do when the project begins to fail, and briefly describe title insurance.