How Does Loan Monitoring Work?
Swinerton Management & Consulting provides Loan Monitoring services to help ensure proper disbursement of a Client’s construction project funds. Loan Monitoring is a cost-effective way for anyone with a construction project to protect their funds from being disbursed to general contractors when the funds are not due, protecting their projects from having liens from subcontractors who may not be getting paid, and getting a project closed out as efficiently as possible.

When Does the Loan Monitoring Process Begin?
Loan Monitors are typically brought into the lending process after the borrower has determined what they are going to build, where they are going to build, and have an idea of who is going to build it. Loan Monitoring assists in qualifying contractors as well as reviewing their estimates, typically on a square-foot basis, and reviewing any other reports that may be available for that project.

After the initial review of the project, Loan Monitoring continues to serve the client by monitoring the loan funds, and assists with funds disbursement as needed throughout the project by performing monthly site visits to review the general contractor’s percentage of completion and verify that all trades have been paid to date.

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