Lender Representation
We understand the complexity and the risk inherent in real estate development and construction. SCS Corp. has provided Lenders Representation services on simultaneous multiple projects with a combined value of up to 30 million dollars.
SCS Corp. helps mitigate risk to lenders and investors during the feasibility and construction phases and at project close-out. We serve as a representative to investors and banks by providing a thorough review of existing and proposed projects and ongoing monitoring of projects throughout the construction life-cycle.
We monitor your project so you can feel confident.
The services offered include:
- The cost and constructability of the project.
- Accuracy and propriety of monthly contract draw requests and back-up documentation.
- Overall review of adherence to plans, specifications, quality, and accepted industry standards.
- Construction and loan document review.
- Monthly site visits.
- Monthly construction progress reports.
- Accuracy and propriety of change orders, RFIs, and submittals.
- Adherence to a construction schedule.
- Final payment and close-out review.
- Payment application review.