In this course, learners will explore the types of construction, the additional risks that accompany a construction project, and the process (including documentation differences) of a construction loan.
Construction Lending is one of the courses in RMA’s Commercial Real Estate Lending Decision Process (CRELDP) library.
Topics covered include:
• Different types of construction loans
• How to explain the additional documents required for a
construction loan to a customer
• Risks of a construction loan request
• Project completion requirements and lender actions