A&D Loan Plan & Budget Review and Periodic Inspections
Review Plans for: Completeness. Uniformity with lender commitment.
Review development budget for sufficiency. Perform quantity take-off and development estimate. Periodic inspections.
Observe status of development and provide report/photos. Report on compliance with plans and specifications. Review interim pay requests. Assess percentage of completion and calculate sufficiency of remaining budget. Determine that the percentage of completion in the draw schedule is accurate.
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Residential Renovation Budget Review/InspectionsReview Plans for: Completeness.Uniformity with lender commitment.Assess existing conditions.Compare existing conditions with scope of renovation.Review renovation budget sufficiency.Periodic inspections.Observe status of renovation and provide report/photos.Report on compliance with initial renovation scope of work.Review interim pay requests/lien waivers.Assess percentage of completion and calculate sufficiency of remaining budget.Determine that the percentage of completion in the draw schedule is accurate.Weekly House Inspections for LendersNote the following on lender’s inspection sheet:Completion percentage, Compliance with appraisal, Code/Building Violations and Citations, Fires, Structural Problems, Unsafe Working Conditions, Erosion Violations. Post inspection results and photos of progress on our proprietary Web Inspect™ website.
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