To ensure a high level of accuracy, Loan participation automation requires an administrative user to connect participating banks with the system. The lead bank recruits other banks to participate in the transaction, and each of these institutions has a responsibility to notify the other participating banks when a note is increased. The more banks…[Read more]

Construction loan management is an integral component of successful real estate development. banking is an essential tool for project managers and investors. The process can be overwhelming, involving hundreds of documents, spreadsheets, and tens of emails. This centralized system simplifies and streamlines the process, allowing lenders to focus…[Read more]

Traditionally, loan participation transactions have been conducted through a lead institution that provided updates on participating lenders. This model has been inefficient and often results in poor liquidity. The upfront transaction fees and time-consuming due diligence add additional costs to the process, and these processes add operational and…[Read more]

One of the first tasks for any construction loan administrator is to track and manage lien activity. The Lien Releases Report keeps track of all conditional and unconditional lien releases and invoices by project. It prevents issues from falling through the cracks, and digitizes a tedious process that was once handled with spreadsheets and emails.…[Read more]

Construction loan administration software is an essential component of the closing process for construction transactions. banking allows the borrowers to send payments to the contractors via ACH or physical check. These transactions are tracked within the system to help reduce risk. In addition, it allows borrowers to customize their budgets and…[Read more]