While all construction projects involve risk, building a high-rise comes with a specific set of challenges. Due to the extended schedules and critical path nature of high rise projects, small issues can exponentially increase in significance as the project rises higher. After working on hundreds of high-rise projects over the course of my career, I can anticipate and help mitigate many of these risks for lenders and investors before they close on their commitments to the project. Most of the pitfalls of high-rise construction fall into 13 main categories. I’ve listed these below, along with mitigation strategies for each.
November 13, 2023
Project Completion Insurance: Securing Solar Construction Projects In this article, Isaac Stern and Gage Kellogg explore the complexities of solar construction projects. The authors discuss the rising interest in renewable […]
November 08, 2023
SBA’s SOP 50 10 7.1: Reinstating Construction Loan Provisions and Key Updates In a welcomed update, the Small Business Administration (SBA) released their new Standard Operating Procedure (SOP) 50 10 […]
November 08, 2023
Partner provides this SBA 7(a) Construction Loan Checklist for SBA Loan properties, following the guidelines of SBA’s SOP 50 10 7.1, effective on November 15, 2023. [ Download Here ]
