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Worried About Loan Misuse? How the Loan Monitoring Service Keeps Track
Construction loans rarely move in one straight line. Money goes out in stages. Work progresses. Another portion of the loan gets released. In theory, it’s a controlled process. But construction rarely follows theory. Budgets shift halfway through a project. A subcontractor drops out. Materials suddenly cost more than expected. And before long, lenders are trying to figure out whether the funds already released are actually supporting the progress happening on site. That uncer
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Mar 254 min read
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