Services
We provide the Lender with on going risk mitigation throughout the entire construction process from contract execution to construction completion and a lien free endorsement.
Loan Monitoring Services Comparison
We offer 3 distinct levels of loan monitoring:
- Full Funds Loan Monitoring provides maximum due diligence in support of loan compliance specializing in SBA loan compliance
- Hard Cost Loan Monitoring provides monitoring services for the Construction Contract budget.
- Inspection-Only Loan Monitoring provides professional review of site progress against pay application request
Designed and built based on the most stringent lender policies but with the flexibility to meet ANY lender’s needs.
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Full Funds Loan Monitoring
Full Funds Loan Monitoring includes monitoring and validating the full project budget, auditing and ensuring compliance for required draw back-up, conducting site inspections that verify the actual % complete as compared to draw requests and continued reporting with updated budgets after draws, change orders and reallocations.
Hard Cost Funds Monitoring
Hard Cost Funds Monitoring includes monitoring and validating the construction contract budget, auditing and ensuring compliance for required draw back-up, conducting site inspections that verifying the actual % complete as compared to draw requests and continued reporting with updated budgets after draws, change orders and reallocations.
Inspection Only Loan Monitoring
Inspection-Only services provide professional site inspections that verify the actual % complete as compared to draw request. Lender requests inspections as needed and provides current draw sheet for each inspection.
CLM Group’s Project Analytics
At CLM Group project data information is collected to provide you with information and can provide advanced project analytics. Throughout the life of the project CLM can provide targeted analysis including:
- Paid invoices by draw.
- Retention held by each payee.
- Payment breakdown detailed to specific, or all, subs and suppliers.
Loan Monitoring Services Comparison
| Full Funds | Hard Cost | Inspection Only | |
|---|---|---|---|
Budget | CLM prepares full project control budget Including:
| CLM prepares project control budget Including:
| CLM does not prepare control budget |
Draws | CLM processes requests for both Hard Cost and Soft Cost CLM balances project budget including both Hard and Soft Costs CLM tracks and balances the total SOURCE and total USE throughout the project | CLM processes requests for Hard Cost only | CLM will review the hard cost draw that the Lender provides to CLM in conjunction with the request for inspection CLM will report on physical % complete of the overall project We will recommend deductions for items not compatible with the current draw |
Audit | CLM will collect and verify compliance for:
| CLM will collect and verify compliance for:
| CLM does not collect or review any draw support documentation |
Reports | CLM provides:
| CLM provides:
| CLM provides:
|
Date Down | CLM:
| CLM:
| CLM does not collect Notice of Completion or Unconditional Final Lien Waivers |