When financing a development, the intention will always be for a smooth delivery where practical completion is reached on time and within budget. Unfortunately, that is not always the case.
In our on-demand webinar, we outline what those financing a development need to consider at the outset to help reduce the risk if things go wrong, what options are available if the project doesn’t go to plan and how the lender can maximise their recoveries if the worst happens.
During the webinar we will discuss the options available, including:
- Initial loan risk assessments
- Avenues of recovery available to the lender
- Options for reaching practical completion and/or disposing of the asset(s)
- Liability across the project team and consultants
- Claims