JACEA can provide construction loan monitoring services for construction lenders and equity participants who provide funds to finance project construction. In addition to providing reviews of the project status and costs, JACEA can provide initial assessments to help the the lenders make an informed decision on the project before committing funds.
Below is a summary of our Loan Monitoring Services:
Monthly Pay Application Reviews
JACEA can review each monthly pay application or selected applications. Monthly pay application reviews typically reduce the findings of the audits. The monthly review of the billings is designed to be fair and objective with a focus on each of the following:
The tasks may vary with each contractor and the nature of the agreement. However, the typical activities of this review include:
Certified Minority Owned ("MBE") Construction Consultants