Monitor Conventional Construction Loans
CFCS assists with feasibility study compilation and project cost analysis. We also specialize in subdivision off-site improvement projects via set-aside letter and funds control assistance. We take responsibility to assist in managing issues that keep the project on track and on schedule; minimizing delays and keeping the lender fully apprised of site issues and conditions which allows the lender to make better and timelier decisions. We conduct detailed site inspections followed by inspection reports that are accompanied by digital photography.
Monitor SBA Construction Loans
As a member of the Bay Area Association of Government Guaranteed Lenders (BAAGGL), we are skilled in explaining and adhering to SBA loan guidelines. CFCS provides key project information to lenders providing the bank full knowledge of project status and issues. We conduct detailed, monthly site inspections followed by inspection reports that are accompanied by digital photography. We work with contractors in order to successfully meet the special requirements for SBA loan compliance and handle arbitration issues that may arise between the borrower and the contractor.
Provide Surety Bond Risk Management
As an alternative to requiring additional collateral from the contractor, CFCS helps sureties minimize their risk exposure by providing financial controls and improving communication to the underwriter and agent. We conduct detailed site inspections followed by inspection reports that are accompanied by digital photography. Most importantly, we ensure that project funds meet project-specific encumbrances.
Utilize Cost Estimating Software
Quick Cost Estimator - Using our Quick Cost Calculator, CFCS can determine the estimated cost per square foot for construction projects. This initial estimation enables lenders to judge the feasibility of the project’s completion within a loan budget, as well as establish a baseline for comparison to a contractor’s bid.
Detailed Cost Estimator - This solution produces a full parallel cost estimate which is the most complete basis for productive cost engineering and negotiation with the contractor and is the most accurate and informative method for making a construction loan decision. Additionally, the software shows actual material and labor costs for the specific market and delineates a low, high and median cost for each component of the project. CFCS’ estimator software is produced by the premier software provider in the industry and is adjusted quarterly to reflect the most current market prices for material and labor by geographical region.