Inter- Creditor Agent: Relationship Management

KarpeDium has established and implemented construction administration support services for financial institutions and real estate/property buyers, sellers, investors and managers. These uniform procedures ensure that a construction/development loan is properly evaluated prior to approval, and thoroughly monitored during construction, to meet the lending guidelines of each institution and investor and enable them to maximize their return on investment. Construction administration procedures also assure compliance with state laws.

Prior to loan approval, KarpeDium will perform a comprehensive analysis of the project budget, contracts, plans/specifications and time line for completion. This information, in conjunction with project feasibility and the credit analysis, is essential in the loan underwriting process. Once the loan is approved and closed, consistent forms, thorough inspections and stringent lien waiver policies are utilized. This controls the construction and requisition process, thereby assuring the project's completion in a manner consistent with the terms and conditions of the loan documents.

Business Continuity & Contingency planning

Business continuity management is an ongoing process of risk assessment and management with the purpose of ensuring that the business can continue if risks materialize. These risks could be from the external environment (over which you have no control, such as power failure) or from within your organization, such as deliberate or accidental damage to systems. Business continuity is not just concerned with disaster recovery; it addresses anything that could affect the continuity of service over the long term, such as staff shortages in specialist areas.