Architecture & ConstructionFinance & Accounting

Construction Loan-in-Process

Construction loans involve more active management by the bank throughout the building process versus other types of loans (such as mortgages). In this course, gain an understanding of how a construction loan-in-process (LIP) works from a banker’s perspective.

This course from the Corporate Finance Institute focuses on construction lending, primarily from a bank’s point of view, and discusses the payment cycle, how holdback or retainage clauses are applied, and various legal tools related to construction payments. Learn about the loan monitor’s role, change order and contingencies, what to do when the project fails, and title insurance.

This course was created by CFI. We are pleased to host this content in our library.

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