September 10, 2013
The Office of the Comptroller of the Currency (“OCC”) oversees a system of national banks and federal savings associations involved in Commercial Real Estate and Construction Lending, assuring that these institutions are safe, sound, competitive, and capable of providing for the banking needs of customers as best as possible.
The OCC issues a handbook, which according to the OCC Handbook itself,” The Office of the Comptroller of the Currency’s (OCC) Comptroller’s Handbook booklet, “Commercial Real Estate Lending,” provides guidance for bank examiners and bankers on commercial real estate (CRE) lending activities.”
It specifically cites risk, “The booklet addresses the risks inherent in CRE lending as well as risks unique to specific lending activities and property types. Also discussed are supervisory expectations and regulatory requirements for prudent risk management. “
The Comptroller’s Handbook was updated in August of 2013. For further information regarding the updates, visit
September 12, 2009
Construction Draw Inspections are required by most lenders prior to funding a construction loan payment request. Monthly site inspection provides the lender assurance that the contractor’s payment request is commensurate with progress. The construction inspector will evaluate the accuracy of each line item of the contractor’s construction draw request. The inspector will verify quantities or materials delivered and progress of each subcontractor.
Partner Engineering and Science’s construction monitoring site visits include interviews with the project managers and developers, a review of the contractor’s payment request and subcontractor invoices, and evaluation of the representations each line of the contractor’s draw request.
Partner Engineering and Science provides construction monitoring services as well as plan review at the beginning of the project. Our construction managers, engineers, and architects can help lenders understand the developers proposed construction budget. Most lenders require regular site visits to provide a quality overview of project status.
Partner’s Building Science practice includes commercial building inspections, Property Conditions Assessment, phase I environmental site assessments, engineering inspections, and Probable Maximum Loss reports.
For information on Partner’s Construction Draw Inspections contact Terry Dungan (firstname.lastname@example.org ) or 800-419-2349.
We review all change orders and address budget changes. We typically respond within days of receiving a request and can cover all 50 states. Partner will work with the general contractors, developers and lenders to schedule our inspections quickly and deliver a quality report within three to four days of the site visit. No other firm can provide consistent Construction Draw Inspections consistently with local inspectors as competitively as Partner!