Lender Services...

Our services are tailored to meet your institutions needs by adhering to guidelines set by the SBA, as well as your internal procedures. Click here to understand what is needed on SBA loans

Phase One Site Assessments: Our Phase I Environmental Site Assessment Report always meets or exceeds the ASTM Standard E 1527 and adheres to SBA lending guidelines. The report may contain the following:

Thorough site reconnaissance with a review of neighboring property use
Review of multiple historical sources, including aerial photographs, historical maps, and city directories
Review of regulatory agency records, including contacts with local fire, health, building, and water quality agencies
Thorough interviews of knowledgeable property representatives, including owners, occupants, neighbors, etc.
Review of a 1-mile radius regulatory agency data-base report with maps
Inclusion of color maps and digital color site photographs
Review of physical setting information, including site topography, geology, and hydrology
Visual survey of asbestos-, lead-, and PCB-containing building materials and equipment
Thorough and concise conclusions and recommendations with associated cost estimates
Complete confidentiality of report finding

Transactions Screens: The ASTM Standard E 1528 compliant Transaction Screen Report provides the necessary environmental due diligence for small loans on innocuous sites where the history of the site is well known for at least 60 years. The Transaction Screen may include the following

Site inspection with digital photo documentation
Underground tank agency record search and review
Review of a computer-generated, 1-mile radius regulatory agency database report with maps
Completion of up to 3 detailed questionnaires (owner, inspector, and occupant)
Report, bound with concise conclusions and recommendations

The Transaction Screen is specifically geared for the following types of properties:

Commercial properties, office buildings, and retail stores
Residential properties (housing tracts, apartment complexes, senior-housing facilities)
Vacant properties (undeveloped land)

Collateral Monitoring

Construction Projects: Each time the owner wishes to make a draw from the construction loan (usually on a monthly basis), we make an interim site visit and review. Most importantly, we give you a status update of the project with photos (we give our opinion on the overall percent complete and the percent complete of individual construction items.) We verify that the draw request represents completed work and is commensurate with progress, that funds have been used for their originally intended purpose, and that the remaining loan funds are sufficient to complete. We keep you informed of any changes to the scope of work as well to help avoid budget overruns.

This service serves some very meaningful purposes. The first is to have a neutral 3rd party routinely at your construction site that is no way involved in the transaction. Many times, loan officers never get to the site or rely on the builder or customer to provide progress pictures. It also takes pressure off the loan officer/bank to fund draws without inspection. Having an inspection company in place, raises the expectations for everyone involved.

The second reason is to keep your loan officers on task making loans. The reason why loan officers are hired is to make loans. Field inspections can take time away from making loans. Many times, opportunities are lost when customers come in to apply for a loan and the loan officer is absent.

Another important factor overlooked is insurance liability. Whether a bank employee commutes with a company auto or personal, insurance risks are greatly elevated. Walking on a construction site increases the risk of injury immensely. This service alleviates these risks and missed opportunities.

Auto Flooring: Auto flooring can be very profitable but it relies on heavy due diligence for the tracking of the purchased inventory. Lending institutions need to track purchases, collateral location, and collateral condition. Our services can be tailored to meet your institutions specific reporting needs.