Frequently lenders view construction loan payment requests as simply part of the overall construction loan project, and not a chain of events that, if improperly managed, put payment stress on contractors and every stakeholder after them. Lenders who offer construction loans know there is risk involved in completing a project on time and on budget, and this webinar will highlight how the payment process has a direct impact on the success of construction and renovation lending projects.
- The current state of construction payments
- How payment problems affect the industry
- Cause of payment delays
- Benefits for lenders to pay quicker