Construction Monitoring
The purpose of construction monitoring is to support the real estate lending unit of commercial banks in the administration of their respective projects. By keeping control of the money expended in relation to the materials installed, a lender maintains the required loan-to-value ratio in a project. Not only are the “bricks and sticks” counted with each inspection, but commentary to construction progress, unforeseen conditions requiring change orders, and other factors impacting the timely completion of a construction project are provided. A slip in the delivery of a completed project can seriously impact the timely conversion to permanent financing and payoff of the construction loan.
Maintenance and Asset Support
Outside the lending arena GAC associates has a strong relationship with the regions owners, developers, and property managers. The service after the report is a hallmark of GAC associates. If you have a question regarding building envelope, mechanicals, tanks, electrical, site work, GAC is ready to support your need with design professionals accredited in their respective fields.