GoDocs releases “Guide to Construction Lending Problems for the Commercial Lending Market”
IRVINE, Calif., March 3, 2022 /PRNewswire/ — GoDocsa leader in commercial loan document automation for the commercial real estate industry today released a “Guide to construction loan questions for the commercial loan market” (https://godocs.com/guide-to-commercial-loan-issues-for-the-commercial-loan-market/). This guide provides a comprehensive overview of current market conditions for construction lenders and details potential pitfalls associated with commercial construction lending. It is a must-have reference for anyone looking to capitalize on the expanding construction loan market while mitigating risk. “Construction loans, however, can present a minefield of potential risks for lenders, all of which can be addressed and reduced by careful loan documentation and disciplined project oversight,” notes GoDocs senior counsel Ren R Hayhurst.
Looking ahead, 2022 will see an increase in commercial real estate projects as developers scramble to meet growing demand for new homes. After the 2020 recession, housing stock hit all-time lows, leading to high rental and selling prices across the country. With a more stable economy and a housing shortage, developers are gearing up to offer a variety of housing solutions.
Securing commercial real estate loans for these development projects and protecting the interests of all parties involved can be complicated; however, it is entirely possible to address the risks faced by construction lenders with the right strategies in place. That’s why this guide from GoDocs is such a valuable resource.
“We are seeing major changes in the real estate market and 2022 will be ripe with growth. As a leader in the commercial real estate industry who has always worked to stay ahead of the curve and provide solutions industry-leading, our guide is just another way to support both lenders and developers,” says GoDocs CEO, Stephane Butler.
As commercial real estate development projects heat up over the next few months, GoDocs’ “Guide to Construction Lending Problems for the Commercial Lending Market” will serve as your go-to reference to help you navigate the lending process at building.
GoDocs (https://godocs.com), the leader in commercial loan document generation automation, offers a next-generation software platform for banks, credit unions and private lenders that creates a streamlined process for closing commercial loans. The first and only purely SaaS system for automated loan document generation, GoDocs provides lenders with a digital pay-as-you-go solution that requires no training to use. The company has the #1 NPS customer satisfaction score in the industry and is trusted by industry-leading banks as well as community banks, federal and local credit unions, and private lenders of all sizes. GoDocs is proud to back its solutions with 100% onshore support.
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