The Commercial Construction Loan Requirements & Authorization form provides:
- Authorization from the borrower
- Acknowledgement from builder/contractor
- Information on where disbursements are to be made
- States draw requirements
- Contact information for Contractor/Builder
This documentation must be provided to the client when the loan purpose is for:
- Construction,
- Development, OR
- Renovations/improvements to an existing structure, AND
- The bank is handling the disbursement of funds
Commercial Construction Loan Requirements & Authorization
Business Purpose Residential Construction