Give a Revised Construction Financing Request a Clear Evidence Trail

By Don McClain | Founder & Principal, Medro Advisors

A revised construction financing request should explain what changed and what remains unresolved. Keep the prior budget, current remaining-cost forecast, change-order register and updated schedule together. Identify which amounts are estimates, which are agreed contractual adjustments and which still need financing approval. Don McClain’s construction-cost series shows why a proposed capital source should remain separate from available completion funds. A concise request also states the property type, general location, stage of completion, approximate need and timing. Arrange secure document sharing for detailed records. Financing is subject to underwriting and approval.

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