Construction Loan-in-Process
With Corporate Finance Institute (CFI)
Liked by 110 users
Duration: 39m
Skill level: Intermediate
Released: 1/17/2025
Course details
Construction loans involve more active management by the bank throughout the building process versus other types of loans (such as mortgages). In this course, gain an understanding of how a construction loan-in-process (LIP) works from a banker’s perspective.
This course from the Corporate Finance Institute focuses on construction lending, primarily from a bank’s point of view, and discusses the payment cycle, how holdback or retainage clauses are applied, and various legal tools related to construction payments. Learn about the loan monitor’s role, change order and contingencies, what to do when the project fails, and title insurance.
This course was created by CFI. We are pleased to host this content in our library.
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Contents
What’s included
- Practice while you learn 2 exercise files
- Test your knowledge 7 quizzes
- Learn on the go Access on tablet and phone
- Stay up to date Continuing Education Units
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