CLM Group

Loan Monitoring Services

CLM Group is a valuable resource for construction credit industry by providing services that include construction loan monitoring, including funds administration, Project Inspection, and commercial real estate inspections for the construction credit industry.

Loan Monitoring Services Comparison

 Full FundsHard CostInspection Only
Budget
CLM prepares full project control budget

Including:

  • Hard costs
  • Soft Cost
  • Loan fees
  • Other fees
  • Interest Reserve
  • Construction Soft Costs

CLM prepares project control budget

Including:

  • ONLY Contract hard cost

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 onlyCLM 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
Back-up
CLM will collect and verify compliance for:

  • Invoices
  • Lien waivers
  • Proofs of Purchase
  • Signature authorization

CLM will collect and verify compliance for:

  • Invoices
  • Lien waivers
  • Proofs of Purchase
  • Signature authorization

CLM does not collect or review any draw
support documentation
Reports
CLM provides:

  • Inspection Report with photos to
    substantiate draw request items
  • Payee List by Draw
  • Updated Project Budget Status
    report after each draw
  • Pre-lien listing
  • Ledger that includes change
    order/reallocation transactions
  • Disbursement detail by payee, cost acct, date

CLM provides:

  • Inspection Report with photos to substantiate current draw request items
  • Payee List by Draw
  • Updated Project Budget Status report after each draw
  • Pre-lien listing

CLM provides:

  • Inspection Report with photos to
    substantiate current draw
    request items
Date Down
CLM:

  • Collects recorded NOC
  • Collects all Unconditional Finals
  • Disburses retention as compliant
    with lien laws

CLM:

  • Collects recorded NOC
  • Collects all Unconditional Finals
  • Disburses retention as compliant
    with lien laws

CLM does not collect Notice of
Completion or Unconditional Final Lien
Waivers
Side-by-Side comparison of CLM's Loan Monitoring Services. Print as PDF