Service
Construction loan monitoring
We make sure the construction loan is paid out in step with what has actually been built.
Lenders normally require construction-loan monitoring and a budget when a short-term loan is granted during the build. The surveyor checks that payments match the value actually added on site.
As the client you are free to choose the surveyor. The surveyor is independent of client, contractor and lender.
Under normal conditions three site visits are enough, timed to the contractor’s payment schedule. When the building is finished, a final valuation is often made — useful for getting competing offers on long-term financing.
We need contract documents, drawings, budget and schedule. Note: loan monitoring reports progress only — a technical inspection can be added.
Ready for an inspection?
