Until now, providing finance to the construction sector has been complex, labour intensive and inherently risky, with many processes “off system” and managed in spreadsheets. There was no industry standard technical solution and the many complexities and nuances made it difficult to establish the true financial and risk position. But with the newly developed Construction Finance module available on the LendScape solution, you now have the technology to unlock this key market opportunity.
- No standard solution for delivering construction finance
- Current solutions are administration heavy and require tedious, manual processes
- Difficult to fund construction debt without taking into account overall contract position
- Historically a high non-performance risk industry requiring specific risk controls
- Complex and varied contracts make establishing the actual collectable debt a challenge
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To find out more about download HPD’s Construction Finance with LendScape technote below.