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Sources and Uses: Construction Budget Management

admin - November 6, 2017 - 0 comments

Arguably the most important element of managing a construction loan budget is properly allocating the source of funds (“sources”) for a project and tracking the uses of these funds (“uses”). Proper management of this relationship ensures compliance and protects the lending institution of unnecessary exposure. Let’s begin with a brief description and examples of “sources” and “uses”.What are “Sources”?“Sources” are the accounts which fund the construction improvements. In a simple deal it may

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