This construction loan-in-process course focuses on construction lending, primarily from a bank’s point of view. It is the third and final course in the three-part series and should be taken after Construction Finance Fundamentals and Structuring a Construction Loan. This course discusses the payment cycle, how holdback or retainage clauses are applied, and various legal tools related to construction payments.
Later in the course, we will discuss the loan monitor’s role, change order and contingencies, what to do when the project fails, and briefly describe title insurance.
Construction Loan-in-process Learning Objectives
Upon completing this course, you will be able to:
Understand the construction payment cycle and process
Explain how holdbacks or retainage are applied and why
Grasp legal tools related to construction payments such as liens, statutory declarations, and prompt payment legislation
Appreciate the loan monitor’s role in payment processing and loan disbursements
Address strategies and processes for non-performing loans
Understand title insurance and why it’s important
Who should take this course?
This course was created for current and aspiring professionals working in commercial banking roles, focusing on the real estate development industry. It is also useful for anyone exploring the intricacies of construction lending. Taught from the lender’s perspective, this course provides a solid foundation of the lending process for construction development loans and would also provide key takeaways for mortgage brokers and related industry advisors.
All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection. Click here to view the Technical Requirements
Can I download the Excel files and financial modeling templates for the course?
Yes, CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the USA. Most of our courses qualify for verified CPE credits for CPA charter holders. Please refer to this page to view all available CPE credits.
Students are required to complete an online assessment (Multiple choice questions, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need. Students are also required to complete the FMVA® final exam to earn their certification. How to Take a Qualified Assessment
Can I email the instructor if I have questions?
While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function that allows you to communicate directly with in-house experts regarding course content. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle. You can compare more features in our bundles here.
Will these courses help me advance my career?
Based on hundreds of reviews from thousands of students we know how CFI courses have helped so many people advance their finance careers. Our courses are designed to be extremely practical and simulate the experience of being trained as a professional financial analyst…the ultimate way to advance your career. For real-world examples and to help delve even deeper into the course concepts, please look into our free career resources library.
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