…an understanding of Construction Risk Management tools is critical. Construction has started picking up more rapidly in recent months. According to Forbes, construction starts in January were up 10% nationally from January 2011, and some major metros in particular like NYC, Dallas, Houston, and Phoenix are seeing an uptick in new construction.
In the past, construction lenders have looked to independent, third-party consultants to help manage construction lending risk. Having gone through the recession and construction halt, many lenders are understaffed and the need to rely on 3rd-party firms may be greater than ever. With industry-specialized expertise most lenders don’t have, 3rd-party consulting firms have become a crucial asset to any commercial lender. Construction Risk Management is no exception.
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March 13, 2025
The hospitality sector is enjoying renewed interest from investors, with more deals in the pipeline, increased refinancings, and improved transaction volume. While the industry still faces challenges, optimism prevails for modest growth over the next year.
March 11, 2025
What are grandfathered uses, also known as legal nonconforming uses and what do you do? Partner’s experts, Alexis Whipple, and Sara Ehrentreu outline practical scenarios and explain the options that you can take in this article.
March 06, 2025
Beyond the immediate damage caused by flames, residual damage caused by smoke and soot can leave lingering effects requiring thorough restoration and clean-up of your commercial or residential property. Understanding the smoke damage cleanup process and knowing what to expect can help commercial and residential property owners navigate this challenging time more effectively.
