It’s a nightmare no property owner wants to deal with. We had a call a few weeks ago from an owner whose construction project hit a major roadblock due to the discovery of mold growth. The construction company had failed to dry-in the project before hanging drywall, and the drywall had gotten wet. Where there’s…
For lending institutions, issuing a construction loan presents unique and substantial risks, from the contract phase to pre-construction, construction, and final payment. And, due to the nature of long-term lending and property ownership, those risks don’t end just because the construction project does. Successful lending relies on the lender’s ability to manage and mitigate those…
If you ask developers about brownfield development, you’ll often get one of three responses: They’ve done it before and it was a disaster, they’ve never done it and never will, or they’re in the process of considering a brownfield property for purchase. Unfortunately, you’ll only rarely hear from someone who has done it and wants…
Everyone knows a hurricane can be dangerous. What many people don’t think about are the dangers that remain after the hurricane has passed. Several environmental hazards, triggered by the hurricane, can hang around to plague occupants afterward, and are responsible for more health problems each year than the hurricanes themselves. Left unmitigated, these hazards put…
In the wake of the storm, catastrophe response teams across the region are scrambling to get people back into their homes and businesses as quickly as possible. We’re out there too, as we have been after every major storm for more than thirty years. Along with speed to recovery, we understand that you care about…
In the wake of a disaster, the priority on everyone’s mind is getting back to normal as quickly as possible. For catastrophe response contractors, this means their primary focus is on getting their clients back in business and their buildings back to standard occupancy. Unfortunately, the understandable focus on speed can be disastrous when hidden…
