Construction Loan Administration
Bluestone offers a full range of construction loan administration services. Active construction lending programs have complex needs with substantial risks that need to be managed effectively to ensure their borrower’s projects move along according to plan, both on-time and on-budget. Built upon best-in-class processes and procedures to handle the construction draw administration and processing work, as well as the accurate and timely collection and dissemination of collateral data and reports. Our proven experience includes out-of-the-ground retail, hotel re-flagging, substantial renovation multifamily projects, major rehabilitations, phased expansions, out-parcel developments, substantial renovations; and distressed property asset administration. Our post-closing services include construction and budget monitoring, disbursement administration, title management, loan servicing, and reporting.
Construction and Budget Monitoring
Disbursement Administration
Risk Management
Third Party Inspection and Progress Reports