CONSTRUCTION INSPECTION

 

Construction Inspections, or what is sometimes called Construction Draw Inspections, are typically used by lenders to measure progress on construction projects. Inspections are usually performed periodically during the construction process. These Inspections provide the lender with a percentage of completion for each project at various construction stages, allowing the lender to issue installment advances on the builder’s construction loan. Stated another way, Construction Draw Inspections permit a gradual and orderly funding of construction loans as projects are being constructed. This process helps keep the lender from going underwater on the loan during the construction process.

 

ELLIOTT® & Company Appraisers has performed thousands of commercial and residential Construction Inspections nationwide. Give us a call and find out how we can help you with your Construction Inspections.

 

 

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