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You are here: Home » Resources » Articles » Construction Monitoring and Funds Services for SBA Construction Lending Projects

October 1, 2018

Construction Monitoring and Funds Services for SBA Construction Lending Projects

By AJ Nosek

CRITICAL FOR SUCCESSFUL LOAN GUARANTEES

One of the biggest trends in 2018 involving Small Business Administration construction lending, at both national and regional conferences and client events alike, is the resounding feedback from SBA advisory panels on the need for concentration on SOP-appropriate construction monitoring with third-party funds disbursement. Although many lending institutions have a system in place for conventional loans, the SBA specifically references the only blanket alternative to bonding being when “a third party in the business of providing construction risk management services controls the disbursement of proceeds.”

To read the full GlobeSt blog post on how construction risk management tools like funds disbursement and budget review can help secure a successful SBA loan transaction, click here.

About the Authors

AJ Nosek

AJ Nosek

National Client Manager
AJ Nosek combines his business background with technical knowledge and experience for managing lender due diligence services with real estate lending clients including SBA, community, regional, and national lenders. He also serves a variety of developers, attorneys, mortgage brokers, CDCs, individual property owners, and municipal clients in physical condition risk assessment. He concentrates on lender policy development, property condition concerns including environmental assessments, construction monitoring, physical condition assessments, appraisal compliance, and lender risk associated with any property type throughout the U.S. and Canada. He has extensive experience with commercial appraisal interagency guideline compliance including review, evaluation, and policy development. The appraisal review services provide qualified, independent, compliant solutions for lending clients, meeting interagency guidelines.

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