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Construction loans typically have numerous disbursements throughout their term. The loan agreement setting out the terms and conditions of the construction loan will specify any prerequisites the borrower must meet prior to receiving each disbursement. Because construction loans are linked to ongoing building projects, there is a chance that a lender could forfeit its lien …

Negotiating Mechanic’s Lien Coverage for Construction Projects Read More »

When preparing loan documents on behalf of our clients, the firm’s practice is to always require a 2006 ALTA loan policy.