CFSI Loan Management

Hiring the right people makes all the difference. Diverse views and experience levels add strength, but being genuine, kind, and respectful to those you spend 8+ hours with matters most. Culture isn’t perks, it’s people. Build teams who challenge each other, support one another, and make work feel worthwhile. #hire #cfsi #team #wurk #construction #groundup #reno #fixandflip #spring #talent Cherie Ross Kyle Mingham Thomas M. Mike Elam Brian Mingham

Come see Team CFSi at MALC and talk construction risk and how our innovative solutions mitigate risk. #construction #riskmanagement #sba #504 #groundup Thomas M. Kyle Mingham Mike Elam

SBA Construction lending offers a lifeline to small businesses looking to build, renovate, or expand their physical assets. The SBA 504 loan program, in particular, provides long-term, fixed-rate financing for major fixed assets that promote business growth and job creation. This hybrid loan combines a conventional bank loan with an SBA-backed portion, typically requiring only a 10% down payment. The advantages of SBA construction loans include lower down payments, fixed interest rates for the SBA portion, and the ability to close while construction is ongoing9. Eligibility criteria include having a sound business purpose, good credit history, and being unable to obtain financing through conventional mean. For construction finance professionals, the SBA 504 program presents unique opportunities. With its green loan options for eco-friendly projects and the potential for higher leverage compared to traditional loans, it's a tool that can turn blueprints into buildings and dreams into reality. After all, in the world of construction finance, sometimes the best foundation is built on three letters: SBA. #cfsi #sba #504 #smallbusiness #building #construction Thomas M. Mike Elam Kyle Mingham Bill Borgman Cherie Ross Michael Kaplan

Construction material costs climb: Construction material prices posted notable increases in February from year-earlier levels, as some building industry groups warned of more soaring costs ahead resulting from ongoing trade tariff escalation. February’s overall U.S. producer prices — involving all goods and services and which often affect consumer prices — were essentially unchanged from the prior month but rose 3.2% from a year earlier, the Labor Department reported Thursday. Construction industry trade groups pointed to considerable jumps in prices for crucial building materials, with several tied to recent trade tariff increases imposed by the U.S. on goods coming from Canada, Mexico and China. The Trump administration this week continued to exchange tariff increases and threatened hikes with those countries, along with members of the European Union. The construction groups noted steel mill products jumped 2.7% from the prior month in February, with copper and brass products rising 1.8% and aluminum products increasing 1%. Diesel fuel, used in construction trucks and equipment, climbed 2.3% as lumber and plywood costs rose 1.7%. The Associated General Contractors of America trade group noted prices for material and services used in nonresidential construction rose 0.5% from the prior month in February, after a 0.7% monthly gain in January. Another group, Associated Builders and Contractors, said overall construction material and service-related costs for all types of projects were up 0.3% from a year earlier but were 41% higher than February 2020. “It’s a bad sign that construction costs have been rising significantly even before most of the Trump administration’s tariffs have taken effect,” Ken Simonson, the AGC’s chief economist, said in a statement Thursday. “Now that many tariffs that hit construction materials are in effect, with more measures pending, construction costs are likely to rise much more.”? #construction #groundup #tariffs #priceincrease #materials #highcost #building #labor

CFSi – Your Partner in Construction Loan Risk Management & Compliance Helping Lenders Close More Construction Loans with Confidence At CFSi, we understand the complexities and risks involved in construction lending. Every day, lenders face challenges like: ? Delays in loan disbursements due to incomplete or inaccurate documentation ? Cost overruns and mismanagement of construction funds ? Contractor and borrower disputes that stall projects ? Regulatory and compliance risks that threaten loan performance These risks slow down loan closings, increase exposure, and put your capital at risk. How CFSi Helps You Close More Loans with Less Risk With our specialized construction risk management solutions, we streamline your construction lending process, ensuring every project is efficiently monitored, compliant, and on track for success. ? Comprehensive Project Oversight – We validate work completion, track disbursements, and ensure compliance at every phase. ? Risk Mitigation Strategies – Our due diligence and proactive risk assessments minimize exposure to fraud, mismanagement, and cost overruns. ? Faster, More Secure Loan Disbursements – We facilitate seamless fund control, ensuring draws are made only when verified work is completed. ? Enhanced Compliance & Documentation – We keep you protected with meticulous record-keeping and adherence to lender policies. The result? More loans closed, faster, and with greater confidence. Why CFSi? ?? Industry Expertise – Trusted by top lenders for our deep knowledge of construction lending and risk management. ?? Scalability & Flexibility – Whether funding a few projects or managing a large portfolio, we customize our services to fit your needs. ?? Proactive Issue Resolution – We identify and address risks before they become problems, keeping projects on schedule and within budget. Protect your construction loans, close more deals, and reduce risk with CFSi. ?? Contact us today to see how we can strengthen your construction lending process! CFSI Loan Management #constructionlending #cfsi #riskmanagement Bill Borgman Kyle Mingham NPLA Conference Thomas M. Mike Elam American Association of Private Lenders National Private Lenders Association National Association of Home Builders

Meet the entire CFSi Team in Miami!! Brian Mingham Mike Elam Thomas M. Kyle Mingham #cfsi

We can't wait to see you at NPLA Conference in a week. Make sure you get by our booth and say hello to Thomas M. Mike Elam Kyle Mingham and learn more about how we support your construction lending business. #groundup #cfsi #construction #mortgage #cre #reno #npla #wurk

Navigating Home Renovation Challenges ???? Renovating your home? Avoid budget overruns, unreliable contractors, and costly mistakes. Our white paper outlines key challenges and solutions, from managing costs to ensuring your renovations add value. Stay informed and make smart renovation decisions. ?? Read more here: https://lnkd.in/gkATQpXP #HomeRenovation #Construction #RealEstate #HomeImprovement #CFSi CFSI Loan Management #NPLA #MBA #Contractor #RiskManagement #NLE #AAPL #Reno #Resi #Realtors #RehabLoans #Technology

How to Protect Yourself from Fraudulent General Contractors: Hiring a general contractor for a construction project can be risky if you don’t take the right precautions. Fraud, unfinished work, substandard quality, and payment issues are common pitfalls. To avoid costly mistakes, consumers must follow best practices when selecting and working with contractors. 1. Vet the Contractor Before Hiring ? Verify Business Legitimacy – Check if the contractor is registered and in good standing. ? Confirm Licenses & Certifications – Ensure they have proper licenses to operate in your area. ? Check Insurance Coverage – They should carry general liability and workers’ compensation insurance. ? Review Experience & Track Record – Look at past projects, references, and online reviews. 2. Ensure a Transparent and Comprehensive Bid A detailed bid should include: ?? Scope of Work – Clearly outline all tasks, from demolition to finishing touches. ?? Material Specifications – Define product quality, brand, and whether materials are new or repurposed. ?? Cost Breakdown – Itemized labor, materials, permits, and additional expenses. ?? Realistic Timeline – Establish milestone deadlines to track progress. ?? Payment Schedule – Pay based on completed work, not large upfront sums. ?? Change Order Process – Define how contract modifications will be handled. 3. Avoid Payment Pitfalls & Mechanics’ Liens One major risk is paying a contractor who fails to compensate subcontractors and suppliers. To prevent this: ? Request Proof of Payment – Ask for lien waivers from subcontractors and suppliers. ? Use Joint Checks – Pay both the contractor and subcontractors to ensure funds are allocated properly. ? Escrow Payments – Consider using a third-party escrow service for secure disbursements. ? Demand a Detailed Contract – Include subcontractor information and licensing details. 4. Work with Compliance Experts Organizations like CFSi help mitigate contractor fraud by offering: ?? Pre-Construction Vetting – Background checks and financial stability assessments. ?? Contract Oversight – Ensuring fair terms and legal safeguards. ?? Project Monitoring – Tracking work completion before payments are released. ?? Lien Prevention – Managing payments to subcontractors and suppliers to prevent disputes. Final Thoughts Fraud in general contracting is a real threat, but you can protect yourself by conducting due diligence, demanding transparency, and leveraging professional oversight. Whether you’re a homeowner, investor, or financial institution, these best practices can save you from costly legal and financial headaches. CFSi and other compliance-focused companies help consumers safeguard their investments and ensure successful, high-quality project completion. #ConstructionFraud #Rehab #HomeImprovement #RiskManagement #RealEstateInvesting #CFSi Thomas M. Kyle Mingham Mike Elam Brian Mingham

Come see our team at NPLA Conference in the world famous Miami Beach... We will be talking about the changes in construction finance and showing off new technology. Kyle Mingham Mike Elam Thomas M. Brian Mingham