Construction Loan Monitoring

PM Environmental provides Construction Loan Monitoring (CLM) Services that evaluate a construction project through pre-construction, bidding and award, site observation and job completion. Funding of new construction, land development, building renovation and adaptive re-use of existing properties present unique risks to lending professionals and real estate investors. In support of our clients, our staff examines documentation, budgets and work schedules, investigates compliance requirements, prepare on-site progress and observation reports, prepare disbursements and monitor invoices and draws. PM Environmental’s written reports are well-organized and make for easier, fact-based risk management decisions. PM Environmental has Licensed Professional Engineers, Builders and Architects on staff.

PM Environmental’s construction loan services include:

  • Monitoring of the borrower and/or its general contractor’s compliance with the lender’s construction loan and payment procedures

  • Reports on the adequacy of funds needed to complete the project

  • Reports on the borrower’s cost invoices and review of construction progress against the budget line items

  • Review of project status reports, draw requests and recommendations for funding

  • Review stored materials and funding requests in accordance with the construction loan documents

  • Submit monthly reports tracking all indirect and direct cost line items

  • Verify payment of property taxes and receipt of lien waivers

 

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