The Most Expensive Condos in the U.S.

Posted by Tara McAdams on 9/20/18 9:45 AM

There are numerous factors that make up the price of a condo: size, location, quality of construction, interior works and furnishings, and so on. Sometimes, all these elements combine to check all the required boxes and then some!

Read More

Topics: Real Estate

Growth Continues for Residential Construction Loans

Posted by Tara McAdams on 9/6/18 10:13 AM

The demand for construction loans has seen a steady growth over the past few years, and recent analysis shows the trend continuing in 2018. According to a study conducted by the National Association of Home Builders, one of the nation’s leading resources for housing and remodeling insights, the volume of residential construction loans has seen an increase of 1.7% in the second quarter of 2018.

Read More

Topics: Construction Loan Management Software, Construction loans

Best Practices for Avoiding Fraud

Posted by Tara McAdams on 8/29/18 4:58 PM

 

Security is a top priority at Contract Simply. In a world where fraud is rampant, we must constantly think about ways to keep ourselves, the companies we work for, and the customers we work with safe against criminal activity. These are some best practices that we should all follow to avoid becoming victims.

Read More

Topics: Security

White Paper: Future-Proof Your Construction Lending Program

Posted by Tim Ryan on 8/20/18 4:24 PM

The United States is experiencing one of the most prolonged economic growth cycles on record. This cycle has led to an expansion of the commercial construction industry with growth expected through 2020. However, in addition to the “what goes up must come down” history of recessions, signs of a potential downturn are peeking their heads up from behind the cinder block. We’re beginning to see subtle signs of a slowdown, like the upward inching of interest rates and inflation, and not so subtle signs, like skyrocketing costs for materials and trade wars.

Read More

Topics: Construction Loan Management, Trends in Construction Loan Software

Key Construction Loan Management Terms

Posted by Contract Simply on 8/13/18 4:23 PM

One of the main problems we’ve encountered in our work is the general lack of familiarity and understanding of basic construction loan terms. To be honest, we understand why the uninitiated could get confused when faced with a broad body of cryptic terms such as retainage or holdback provisions.

To cut through the noise, we’ve put together a list of most common terms in construction loan management, ordered alphabetically for your convenience.

Before we get into the thick of things, let’s begin by defining our field of work - construction loans.

Read More

Topics: Construction Loan Management

Your Construction Loans Don't Get A Summer Vacation

Posted by Contract Simply on 8/7/18 5:06 PM

Is your office empty these days? For a large number of employees, summer vacation season is an important time of the year when they are able to get their head out of work for a while and simply relax.

Read More

Topics: Machine Learning in Banking

What to Review When Originating a Land Development Loan

Posted by Contract Simply on 8/7/18 4:19 PM

Land development loans provide financing for the purchase of raw land, as well as its development for future construction or sale. Unlike residential and commercial construction, the goal of land development is not to present a finished piece of real estate, but to prepare it for further construction. The development of a lot includes improvements of the land itself, as well as the creation or the improvement of the surrounding infrastructure (power and water supply, plumbing, sewage, etc.) in order to make the site construction-ready.

Read More

Topics: Construction Loan Management

Sign up!

Sign up today!

Helpful Resources

Contract Simply Construction Payments Report 2018

Contract Simply Kickstart Guide to Construction Loan Software

White Paper - Future-Proof Your Construction Lending Program from Contract Simply

Contract Simply Infographic on Construction Loan Administration

Recent Posts