Module CONL01
Construction Loans
Handle a construction loan properly: the build contract, progress payments, drawdowns and the valuation.
Construction lending has moving parts that a standard purchase does not. This session covers how construction loans work, the fundamentals of a build contract, how lenders and valuers view a construction deal, and how the drawdown process funds each stage. You finish able to manage a construction file through its progress payments without losing track.
What you will be able to do
- ✓ Explain how a construction loan works
- ✓ Read the fundamentals of a build contract
- ✓ Interpret the valuation and the lender's view
- ✓ Manage progress payments and drawdown funds
Format
- ✓ One live session of two hours, on Zoom, camera on
- ✓ A small group, so there is room for real questions on real files
- ✓ 2 CPD points for brokers, recognised by MFAA and FBAA
- ✓ A free re-sit for six months if you want to revisit it
Part of these tracks
This module is included in this course track, or you can take it on its own.
- Loan Packager & Credit 12 modules
In their own words
What past students say
“I completed the [Self Employed] training with Amanda and I feel like it’s filled all those gaps…I found the training covered all those little niches and gave a very good general broad overview of everything you need to know. Feeling very confident to write an application after the training.”
Lawson Puho Mortgage Broker “Amanda was fantastic, really interactive…she really is a professionally skilled educator…24 years of experience and expertise really shined”
Jin Broker Support Assistant