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The Critical Role of Contingency in Construction Budgets

  Why you should always have a contingency budget for construction. Embarking on a construction project is an exciting endeavor, but ensuring its success requires careful planning and financial foresight. Today, we’ll delve into a crucial aspect that often makes the difference between a smooth project and unexpected challenges: contingency. Contingency is not just a […]

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Transparency Triumphs: Why Every Construction Draw Needs an Inspection

  Here are a few construction lending tips to help build trust. Today, we’re diving into crucial construction lending tips, focusing on a key aspect: inspections. Specifically, we’ll shed light on the significance of incorporating regular inspections, emphasizing their role in ensuring project success. Let’s explore why inspections are a game-changer in the construction lending […]

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PCR Reports: Your Shield Against Construction Loan Risks

This is how vital pre-construction reports are in the lending process. Today I’m excited to discuss pre-construction reviews, what they are, and their pivotal role in the construction lending process. La Mesa offers PCR reports tailored for construction lenders, serving as valuable tools during the underwriting process. These reports thoroughly analyze budgets, meticulously identifying any […]

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