Commercial TI · SoMa, San Francisco
Brannan St
A second-floor suite. Base-building work priced as separate options, allowances carried with unused funds credited back, structural special inspections and final inspection passed.
For lenders · LPD Builders · CSLB Lic. #1082065
A builder's check on the construction budget.
Construction and bridge lenders use a second set of eyes on a borrower’s budget. We walk the property and price the scope line by line, so you know whether the number holds before you fund it.
What you get
Will the budget hold to completion?
Contractor cost review
The borrower’s budget checked against what the work will actually cost, line by line.
Scope and code exposure
Permit-triggered seismic, sprinkler, life-safety and ADA items identified up front.
Schedule reality check
Long-lead items, permitting time and sequencing reviewed against the draw schedule.
Plain written findings
What holds, what doesn’t, and why, in a format your credit team can use.
Review the budget. Price what’s left. Verify each draw.
01
Budget review
We reply within one business day, walk the property and test the borrower’s budget line by line. Target: written findings in 7 calendar days of the walk and the information we need.
02
Cost to complete
What remains, priced line by line against what has been spent, so you know whether the loan still covers the work.
03
Draw and progress verification
Site visits before each draw to confirm the work billed is in place, with photos and a short written report for your file.
If LPD is also bidding or building the work, we tell you in writing before the review begins.
Proof
Budgets tested line by line.
Multi-tenant commercial · San Mateo
S Amphlett Blvd
A multi-tenant building brought back to code: storefront windows, glass office doors, sprinklers and ADA parking. This is the permit-triggered scope a borrower’s budget can leave out.
Questions
Questions from credit and asset teams.
What if you also bid or build the project?
We tell you up front. If we are bidding or building the project, you know before we start, and you decide whether to use our review.
What do we receive?
A written report: what holds, what doesn’t and why, line by line, with code exposure and schedule risk checked against your draw schedule.
How fast can you turn it around?
We reply within one business day. Target: written findings in 7 calendar days of the walk and the information we need.