Most bankers acknowledge that construction lending is riskier than other types of commercial lending. Therefore, lenders must learn how to evaluate a developer’s ability to repay the construction loan and apply the appropriate underwriting of the construction project to ensure the structure of the loan results in it being repaid in full, on time, and as agreed.
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BIM-enabled FM is increasingly being adopted by building managers. It extends the value of BIM beyond planning, design, and construction of buildings. And ensures that post-construction facilities and maintenance management is highly efficient and collaborative.
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Mollie Carmichael has the latest trends in new home marketing strategies to help you tell a compelling story that speaks to the needs and dreams of your home buyers. Watch the “Survive and Thrive: Sales and Digital Marketing Strategies” webinar replay below to learn more.
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Strafford
Lease defaults are at a record high and vacancies are mounting, providing significant leverage to tenants in lease negotiations. Tenants seeking to benefit from current market conditions are pressing for restructured lease terms, including reduced rent and other midterm concessions. Moreover, tenants concerned about their landlords financial stability are insisting upon subordination, non-disturbance and attornment agreements to protect themselves. At the same time, tenants with failing businesses are pursuing lease workouts to avoid eviction.
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