Construction Project Reviews
know your next project is feasible before it starts
Projects of any scale deserve a thorough analysis to enhance the underwriting process and ensure successful project execution. Let us examine the details so you can address the risks, structure better loans, and increase efficiency - before you break ground.
The purpose of Project Reviews is to enhance the underwriting process by providing you with the insights needed to:
Identify key Risks
Structure Better Loans
Residential PROJECT REVIEWs
Designed specifically for residential construction projects, the Summary Project Review consists of a detailed construction budget check for exclusions and omissions; construction contract audit of 27 critical requirements; and verification of the borrower's permits with the issuing entity.
Commercial PROJECT REVIEWS
Start your commercial project with the confidence of a Precision Commercial Project Review. We examine the borrower’s construction budget, plans, specifications, soils reports, construction contract(s), permits and environmental reports for projects of any scale.
For projects with budgets less than $1MM, your review will include a detailed budget check for missing categories, pre-paid expenses and regional costing acceptability. Construction contracts are reviewed for critical requirements, exclusions and omissions.
Commercial projects with budgets over $1MM, include everything above, plus:
- Review of plans, specifications and other project-related reports
- Complete material take-off of plans and specs
- Independent, professional cost estimate
- Side-by-side comparison with borrower's budget to identify key variances
- Variance analysis and contingency recommendations
We deliver our analysis in a crisp, succinct narrative that allows you to develop a deep understanding of your project; significantly improving the underwriting and structuring process. We strive for transparency by displaying our work in detailed exhibits and appendices for easy cross-reference.
Land Gorilla project reviews are designed to inform the lender of project readiness, local costing variances, contract key-points, appraisal discrepancies and potential issues with general feasibility. The project review does not warrant or guarantee that the project will be completed by the builder and does not alleviate the lender/client of any financial responsibility associated with the loan transaction.