…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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June 06, 2025
In March 2025, the Federal Housing Finance Agency (FHFA) rescinded its 2022 directive that had imposed standardized radon testing requirements on all multifamily properties financed through Fannie Mae and Freddie Mac. The new radon policy was effective immediately; however, the agency guidance documents would be updated at a later date.
June 02, 2025
Matthew Marcus, Managing Director at Partner Engineering and Science Inc., was recently featured as a guest speaker by The Ground Investigation Podcast. He shares his extensive experience in geotechnical engineering, seismic resilience, and project management.
May 30, 2025
In today’s economic landscape, commercial real estate owners must use every tool available to protect the value of their facilities. One such tool that is often overlooked or mismanaged during a real estate acquisition is the existing roof warranty. Transferring an existing warranty ensures that your roof remains covered under manufacturer protections, preventing the risk of unexpected repair costs.
