Winica Consulting’s Post

In today’s competitive and unpredictable construction environment, a Plan & Cost Review is not just a box to check—it is an indispensable tool for lenders. Reach out today at info@winicaconsult.com and let Winica Consulting help refine your risk to ensure your deal starts strong and ends even stronger! #constructionrisk #planandcostreview #cre #commercialrealestate #constructionloans #constructionlending #finance #housing #commercialconstruction

Self-building or construction management is a great way to save costs. However, this typically does not provide cost certainty. Lenders and the appointed Independent Monitoring Surveyor will review the costs and having the necessary evidence to back up the cost assumptions is vital. Making sure you have the necessary proof to validate your budget is the key to securing the lender’s and monitoring surveyor’s support. #construction #mezzaninefinance #propertyfinance Oliver Pattni

Understanding how to navigate construction contingencies in 2024 effectively is crucial. In this article, Kyle Gustafson of Partner ESI and Kendra Vincenty of First Bank of the Lake explore the impact of increased contingency requirements on borrowers, stemming from challenges in the construction industry over the past few years. They emphasize the importance of using a data-driven approach when setting contingencies and provide guidance on effectively managing and mitigating risks associated with construction projects. Explore their insights for best practices in managing financial strain and ensuring project success. https://lnkd.in/gxJYXNgj

Great panel about real estate finance and construction lending led by my amazing colleague Jennifer Chung. Great to hear her insights and the insights of the panelists yesterday. We're doing a lot of work in the real estate construction world right now (on lender and borrower side). Feel free to reach out if any questions. #realestate #construction #constructionlending #realestatedevelopment

Lately, I've been reflecting on how the Time Value of Money (TVM) influences decision-making in construction projects. It's interesting to see how this principle can help project managers and investors enhance cash flow management and ultimately maximize profitability over time. It’s a simple concept, but its application can have profound effects on long-term success. If you're looking to deepen your understanding of construction finance, I recently shared some thoughts in a video that might provide valuable insights. Here’s the link if you'd like to explore more: https://lnkd.in/grMcb79q #ConstructionFinance #TimeValueOfMoney #ProjectPlanning #ROI #CashFlowManagement

Financing construction equipment can be a complex process, with unique factors influencing both the borrower and the lender. Learn more about the essential elements that shape construction equipment financing and how businesses can navigate them effectively. https://lnkd.in/eBysWPaW

Planning a construction project? Learn how to navigate financing hurdles with ReProp Financial. #ConstructionFinance #RealEstateInvesting #Construction Read our blog post https://lnkd.in/ggQ35fFQ

Use These Loans to Get Your Construction Project Across the Finish Line 👀 According to the Construction Management Association of America, 98% of construction projects go over budget. To put it another way, that’s 9 out of 10 projects, according to the International Journal of Innovation, Management and Technology. CV3 Financial Services dives into your financing options that can help get you back on track and over that finish line. https://lnkd.in/gJzY7eGv

What can you do if main contractor insolvency causes your property development project to stall? This article explains how construction management offers an agile and flexible response that can reduce financial losses whilst getting your project back on track quickly and efficiently. https://bit.ly/3dNEybp

Avoiding Pitfalls in Construction Financing: The Importance of Financial Clarity Starting a new construction project is exciting, but it comes with its challenges—especially when it comes to securing finance. One common pitfall is not being thoroughly prepared with your numbers. Lenders are looking for detailed, accurate financials to assess the viability of your project. If you can't present a clear, well-thought-out proposal, you risk your deal being declined. Stay ahead by ensuring every financial aspect of your project is accounted for. This diligence not only builds trust with lenders but also sets the stage for a successful project. YOU owe it to your stakeholders to get this right Call Jonathan 0404 963 963