Construction Loan Administration Services

Midland offers a full range of third-party construction loan administration services. Our Construction Loan Administration group gives clients an effective and efficient mechanism to administer construction loans and manage their construction lending risk.

Our proven experience includes:

• Out-of-the-ground office, retail, hospitality, residential and multifamily housing construction
• Condominium conversions
• Major mall rehabilitations, phased expansions and out-parcel developments
• Substantial renovations
• Distressed property asset administration

For new projects, we are typically engaged prior to closing, at which time we complete a document and budget review, participate in closing activities and attend the initial planning meeting.

Our post-closing services include:

• Construction and budget monitoring
• Disbursement administration
• Title insurance management
• Loan servicing
• Reporting 

We maintain a strong risk management focus with a particular emphasis on mitigating contractual, budget, design and scheduling risks and have experience in the management, resolution and disposition of under-performing and defaulted construction loans.