SERVICES TO FINANCIAL INSTITUTIONS & INVESTORS

CCL personnel provide technical assistance to investors, banks, mortgage and long-term lenders, financial institutions, and other construction lenders. CCL assists in the review of existing properties, proposed projects, and in the ongoing monitoring of projects during construction. CCL's experience in construction claims review can assist the lender in anticipating the types of problems, delays and cost overruns which can occur during construction. Recognizing potential problems, instead of reacting to problems that already occurred, is of great benefit to lenders and investors. CCL's scheduling experience is valuable in evaluating the contractor's ability to complete the project on time.

CONSTRUCTION COST EVALUATIONS

 

CCL reviews construction cost estimates submitted to lenders by borrowers, developers and contractors. CCL assists owners and investors in the preparation of the probable cost of construction, evaluation of the cost and schedule impact of specific alternatives, constructability review and life-cycle cost analysis of alternative equipment systems, energy sources and construction materials. CCL prepares construction cash-flow projections based on the anticipated construction schedule and provides estimates of indirect costs such as interest during construction under various financing scenarios.

 

LONG-TERM AND MORTGAGE FINANCING

 

CCL provides consulting services to long-term and mortgage lenders. These services include facilities assessments of the physical condition of property, repair and replacement reserves analysis, annual property reviews, evaluation of the reasonableness of cost estimates for proposed improvements, assistance in preparation of permanent loan documentation, lenders' representative to monitor project improvements, and preparation of close-out documentation.

 

CONSTRUCTION LOAN SERVICES

 

Representative services provided to banks, financial institutions and investors include:

 

Evaluation of the reasonableness of the proposed project schedule and budget.
Review of plans and specifications for quality and adequacy.
Review compatibility of the terms of the loan agreement with those in the agreement between the owner and the architect/engineer and contractor.
Preparation of budgeted cash flow forecasts based upon the project schedule and construction costs.
On-site observations and review of monthly draw requests. Prepare evaluation of the progress, remaining work, estimated completion date and cost to complete. Prepare summaries showing funds spent and adequacy of funds to complete.
Review change orders and determine the impact of changes on the construction schedule and completion date.
Assist in the evaluation and development of workout programs for non-performing loans.
Serve as the lenders program management representative for privatization and on international Build-Operate-Transfer (BOT) projects.