NDG provides Project Loan Monitoring
services to both borrowers and lenders of capital
projects. We provide expertise in commercial, industrial, and residential
construction loan supervision by ensuring an orderly, timely and accurate
dispersal of funds between the lender, borrower and contractor.
Our objective is to assist the lender and owner during the construction phase
and minimize any risk exposure.
NDG can provide assistance to:
- ensure the project budget is adequate and realistically
divided among the various hard and soft cost categories
- analyze and report on the existence and adequacy of supporting documentation,
permits, schedule of values, contracts, bonds, insurances, etc.
- undertake site visits and provide observation reports throughout construction
and accurately assess the value of
work in place
and the cost to complete
- communicate with both the lender and the borrower regarding (potential)
cost overruns that may affect the loan agreement.
- reduce the communication gap between lender, owner and contractor
- virtually eliminate the lenders risk of over-advancing funds for
the project
- help both the borrower and the lender to understand the
concerns of the other
