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Modular construction provides developers an opportunity to streamline construction, increasing efficiency, and reducing the development timeline. However, because the modular components are constructed offsite, and don’t reside at the development site, they are not a part of the construction lender’s collateral. This challenge requires both lenders and developers to consider the sufficiency of the collateral for their modular construction…
Modular construction provides developers an opportunity to streamline construction, increasing efficiency, and reducing the development timeline. However, because the modular components are constructed offsite, and don’t reside at the development site, they are not a part of the construction lender’s collateral. This challenge requires both lenders and developers to consider the sufficiency of the collateral for their modular construction…