Wednesday, November 8, 2023 - Live Streaming Zoom Video
Speakers:
David Kemp, President, Bankers Management, Inc.
Trey Tate, Partner, Akerman, LLP
The current surge of construction projects beginning to surface once again brings with it a renewed responsibility to correctly administer the many facets that compose each loan. Frequently, lending personnel at community and small regional banks are required to accomplish the task of administering and monitoring construction lending without the aid of a specialized real estate staff. This seminar will help give you the tools and education you need to competently and efficiently manage this type of loan.
Who Should Attend?
This program will be especially beneficial to all CEO’s, Senior Loan Policy Officers, Auditors, Compliance Officers, Cashiers and Real Estate Attorneys.
Speakers:
David Kemp, President, Bankers Management, Inc.
Trey Tate, Partner, Akerman, LLP
The current surge of construction projects beginning to surface once again brings with it a renewed responsibility to correctly administer the many facets that compose each loan. Frequently, lending personnel at community and small regional banks are required to accomplish the task of administering and monitoring construction lending without the aid of a specialized real estate staff. This seminar will help give you the tools and education you need to competently and efficiently manage this type of loan.
Who Should Attend?
This program will be especially beneficial to all CEO’s, Senior Loan Policy Officers, Auditors, Compliance Officers, Cashiers and Real Estate Attorneys.
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Registration Prior to 10/8/23
FBA Member: $395.00/person Non-Member: $890.00/person Registration After 10/8/23 FBA Member: $445.00/person Non-Member: $890.00/person |
Topics Covered
This event will be presented in two sessions. The morning session will focus on the proper administration of construction loans and will analyze two very different borrowers:
The construction loan business is subject to sensitive external economic cycles. The two primary risks are repayment risk and completion risk. Some common weakness that will be discussed are:
The afternoon session will cover the aspects of Florida Lien Law and will discuss those elements of the construction lien and bond law which most particularly apply to construction loan administration. The presentation will include exploration of the basics of the lien law, understanding the notices which are used, and why they are important, describing the types of bonds which afford protection to the lender and the property, and those bonds that do not.
Also addressed will be the primary pitfalls and deficiencies that can affect the timely completion of the job. Finally, the specific areas of lender liability and steps to avoid exposure to the lender will be covered.
- The operative builder
- The owner occupant
The construction loan business is subject to sensitive external economic cycles. The two primary risks are repayment risk and completion risk. Some common weakness that will be discussed are:
- Lack of budget integrity
- Over advancing
- Clouded title
- Evaluating builder risk
- Experience
- Prior business relationships
- Review of plans
- Financial Analysis
The afternoon session will cover the aspects of Florida Lien Law and will discuss those elements of the construction lien and bond law which most particularly apply to construction loan administration. The presentation will include exploration of the basics of the lien law, understanding the notices which are used, and why they are important, describing the types of bonds which afford protection to the lender and the property, and those bonds that do not.
Also addressed will be the primary pitfalls and deficiencies that can affect the timely completion of the job. Finally, the specific areas of lender liability and steps to avoid exposure to the lender will be covered.
Schedule
9:00 AM - 12:00 PM: Program
12:00 - 1:00 PM: Lunch
1:00 - 4:00 PM: Program
Event Contact: Olga Williams
Phone: 850-701-3501
Email: [email protected]
12:00 - 1:00 PM: Lunch
1:00 - 4:00 PM: Program
Event Contact: Olga Williams
Phone: 850-701-3501
Email: [email protected]
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