Independent Draw Verification That Protects Lender Capital
Every dollar disbursed is backed by verified construction progress. Our independent monitoring gives lenders confidence that their capital is protected throughout the entire construction lifecycle.
Construction Lending Carries Inherent Risk
Without independent verification, lenders rely on borrower-reported progress. Our monitoring eliminates this information asymmetry and provides objective, third-party validation of the full project budget.
Total project value monitored across residential, commercial, and industrial sectors.
Projects monitored for Schedule I banks, credit unions, and private lenders across Canada.
Client retention rate. Lenders trust our reporting and continue to engage us across their portfolio.
We Review the Entire Project Budget
Our monitoring goes beyond construction progress. We independently verify every cost category in the development pro forma to give lenders a complete picture of project health.
Hard Costs
All direct construction costs including site preparation, structural, mechanical, electrical, and finishing trades.
Soft Costs
Architectural and engineering fees, permits, legal costs, project management, and development consultants.
Drawings & Reports
Review of architectural drawings, engineering reports, geotechnical studies, and environmental assessments.
Financing Costs
Interest reserves, lender fees, mortgage insurance premiums, and other capital costs associated with the construction loan.
Marketing & Sales
Pre-sale marketing budgets, sales centre costs, and realtor commissions where applicable to the project pro forma.
WorkSafeBC & Insurance
Verification of WorkSafeBC compliance, builder's risk insurance, wrap-up liability, and course-of-construction coverage.
Contingencies
Assessment of contingency allocations relative to project risk, stage of construction, and market conditions.
How Loan Monitoring Works
Engagement Setup
We review project documents, construction budgets, lending terms, and development pro formas to establish monitoring parameters and reporting requirements.
Budget & Cost Review
Independent review of hard costs, soft costs, drawings and reports, financing costs, marketing budgets, WorkSafeBC and insurance requirements, and contingency allocations. We verify the full project budget, not just the construction line items.
Site Inspection
Monthly on-site inspections to verify construction progress, quality of work, and compliance with approved plans and specifications. We document conditions with photographs and detailed notes.
Draw Verification
Independent verification of draw requests against actual progress. We confirm that claimed work is complete and costs are reasonable before recommending disbursement to the lender.
Solution-Oriented Reporting
When issues arise, our reports do not just flag problems. We identify risks early and recommend clear paths forward, giving lenders and developers actionable information to keep projects on track.
Completion & Closeout
Final inspection, deficiency identification, holdback release recommendations, and project completion certification.
What Lenders Receive
- Monthly Progress Reports with photographic evidence
- Draw Certification Letters for each disbursement
- Budget Variance Analysis with trend forecasting
- Risk Assessment and Mitigation Recommendations
- Completion Percentage Verification
- Holdback and Deficiency Tracking Reports
- Final Completion Certificate
Need Independent Loan Monitoring for Your Next Project?
We work with Schedule I banks, credit unions, and private lenders across Canada. One conversation can clarify your monitoring requirements.