Banks and Lenders
Broadlands provides critical business managament solutions that allow banks and commercial lenders to mitigate risk associated with commercial loan portfolios. Broadlands is the premier provider of proactive construction loan risk management solutions designed to improve the profitability of construction loan portfolios. Broadlands combines detailed project cost analysis, contractor capability and financial review, contractor mentorship, task monitoring, project loan disbursement control, disbursement controls and lien waiver monitoring to create the most comprehensive project risk management service available for banks and lenders.Broadlands controls the risks that ordinarily impede project completion. All services can be specifically tailored to meet the needs of our clients and the specific risk associated with a particular construction project.
A World Leader in Lender Loan Disbursements
The improper control of loan funds is a major risk to any construction and eal estate loan portfolio. Improper control of loan funds is a direct cause of lien filings, unpaid project creditors and project cost overruns. The proper flow of project loan funds drives real estate projects to successful completion and minimizes the likelihood of loan default. When funds are misdirected, the contractor goes into default, liens are filed, subcontractors cease work, suppliers terminate accounts, and lenders are left battling over the additional cost and responsibility of completing the project.
Broadlands provides critical loan disbursement services to banks and commercial lenders throughout the world. Broadlands has properly audited actual project costs, disbursed projects funds directly to project creditors and ensured the lien free completion of more than $7 billion of construction on behalf of banks, lenders and financial services institutions over the past four years. From a platform of proven integrity and transparency, Broadlands tracks and controls project loan funds and can even deliver funds directly to subcontractors and suppliers on construction projects.
Broadlands is contracted by hundreds of banks, financial institutions and project owners to audit payment requisitions and control project funds on projects throughout the world. This process has additional benefits on renewable energy projects that may require advanced cost tracking to fulfill grant, financing, loan guarantee and other third party mandates or regulations.
Broadlands uses proprietary, sophisticated cost tracking systems that provide accurate trend and variance monitoring as well as forecasted cost events and projected final costs. Clients will further have full, real-time access to project accounting information via BroadlandsOnline.
Critical Lender Training Programs That Meet the Need
Broadlands further provides critical commercial real estate and construction loan training programs that improve the ability of banks and lenders to improve underwriting efficiency, pinpoint critical risk factors, decrease potential loss during loan disbursement and turn around problem loans. Broadlands can design business training solutions specific to your institutional needs.
