Commercial Construction Lending
Self-paced construction lending training for lenders and loan administrators: validate feasibility and budgets, size and structure the loan, review draw requests and lien waivers, manage retainage, change orders, and completion, and stress test and work out troubled projects.
Full Learning Path · per learner
Cover it with a membership →Path includes
- 5 core courses
- 1 optional deep-dive courses
- 6 complete case studies
- Hands-on exercises throughout
- Learning checks after every module
- Quizzes after every course
Not Sure If Commercial Construction Lending Is Right for You?
Answer 10 questions in about 8 minutes. Get a score, a learning plan, and the courses that close your gaps.
Underwrite the Unbuilt: From Budget to Draw to Takeout
A construction loan has no in-place cash flow, so the analysis moves from the operating statement to the budget, the draw, and the takeout. What a sequenced, test-reinforced construction path does for decision quality, consistency, and risk.
Core Courses
The Construction Ecosystem & Feasibility
The construction lifecycle and the taxonomy of construction loan types; the borrower, sponsor, and guarantor structure and the rest of the project team; market and feasibility analysis; entitlements, environmental and geotechnical diligence, and permit risk; and the go/no-go screening decision.
Project Budgets & Appraisal Valuation
The sources-and-uses statement; contingency rules and budget reallocation; the interest reserve and the S-curve; the three-value appraisal for a building that does not yet exist; and sizing the loan against loan-to-cost, loan-to-value, and the takeout constraint.
Structuring the Loan & Mitigating Risk
Equity-first funding mechanics and the HVCRE classification; sponsor guarantees and completion pledges; the GC contract, bonds, and insurance; the capital stack and intercreditor awareness; the takeout and pre-leasing conditions; and drafting the term sheet.
Loan Administration: Advances & Retainage
The operational gauntlet: the pre-funding legal checklist; the AIA G702/G703; the inspecting architect; title date-downs and lien waivers; retainage; substantial completion and the punch list; change orders; and the interactive draw-funding case, extended with stored materials and draw-fraud red flags.
Stress Testing & Problem Construction Loans
The out-of-balance test and the margin call; cost, supply-chain, and interest-rate stress; lease-up and stabilization failure; the stalled project and its foreclosure realities; portfolio monitoring and reporting; and the troubled-project capstone. This course teaches the construction-specific overlay; the generic workout framework (TDR treatment, remedies taxonomy, note sale, receivership economics) is beyond its scope.
Go Deeper
Leasehold & Ground-Lease Construction Lending
Construction lending where the borrower holds a leasehold rather than a fee interest: the leasehold estate and the ground lease that creates it; the protections that make a lease financeable; landlord consent, estoppel, and the subordination, non-disturbance and attornment agreement; valuing and sizing a loan against a leasehold interest that reverts to the fee owner at lease end; and the tenant build-out. This course applies the core lifecycle to a collateral variant. Fee-owned construction is covered by the core path, and consumer and 1-4 family leasehold lending is beyond this course's scope.
Not just success cases
Each case is a complete borrower file you work through the path, module by module. 2 more cases are held back for the final assessment.
Chattahoochee Commerce Center
Speculative ground-up industrial construction, screened to a proceed decision, sources and uses with hard-cost contingency, deferred developer fee, and interest reserve, three-value appraisal and loan sizing where loan-to-cost binds, equity-first funding and the four-prong HVCRE contributed-capital exemption.
Wexford Ridge Apartments
Mid-construction multifamily crisis at month 14 of 20, general contractor walkout and replacement-contractor re-pricing, contingency fully consumed by change-order velocity, itemized cost to complete against remaining loan funds.
Avondale Crest Offices
Speculative suburban office with no pre-leasing, asset class as the threshold decline ground, sponsor at first project of this scale with thin liquidity, pro forma rents above submarket comparable evidence.
Calderón Medical Plaza
A single-purpose-entity borrower holding a leasehold rather than a fee, a 25 year ground lease with no extension option as the organizing constraint, a ground lease read for financeability, with two protections missing, a fee mortgage recorded ahead of the ground lease, and the non-disturbance it forces.
Optimized Learning Modules
Every module shares the same structure so learners build a rhythm and retain more.
Narrated Video
An expert walkthrough of the concept in plain English.
Detailed Cases & Exercises
Hands-on with the files your team uses.
Quizzes & Learning Checks
A learning check after every module and a quiz after every course.