CONSTRUCTION LENDING: KEY ISSUES FOR NEGOTIATION AND DOCUMENTATION
July 16, 2019 | (1:00pm-2:30pm)
USA (United States of America)
Construction loans are inherently more fraught with risk than standard property loans. Additional risks include design defects by architects and engineers, inaccurate budgeting, unanticipated costs and delays, misapplication of construction draws, contractor liens, labor and contract disputes, force majeure, and the failure of contractors and subcontractors to complete the project on time and under the lender's approved plans and specifications. Lender's counsel must negotiate and document construction loans which address these risks.