MBC and Total Inspection Services hosted a webinar on April 16th for credit unions seeking to better understand construction lending regulations and current industry trends. The tools and insight provided will help to position construction loans with an appropriate structure from the front end and ensure compliance with key NCUA guidance, while avoiding unnecessary pitfalls. Additionally, we discussed big picture construction industry trends that are impacting jobsites and how you can set up the project for success from the beginning.

Key Topics:

1. Project Feasibility: Learn how to utilize third-party tools to complete due diligence that not only complies with NCUA regulation but also provides a roadmap for underwriting risk analysis
2. Determining Costs and Value:  Be able to better understand not only what costs should be included, but also calculating the formulas needed to maintain an appropriate leverage position throughout the life of the project
3. Construction Administration Protocol: Identify the steps needed to be completed prior to closing and post closing that will ensure project completion and protect the Credit Union’s interest
4. Current Industry Trends: Hear from an industry professional on the current status of recent challenges including: project delays, labor shortages, and inadequate site management

By the end of this webinar, participants will have more insight to refine their construction business lending practices to ensure compliant projects and better understand the state of the industry. Join us to discuss this interesting topic so you can continue to “build” on your construction lending expertise in 2024!