You face certain risks when you finance construction projects. Will long term project cash flows cover debt service requirements? Will interest rate movements devalue your loan portfolio?

While these risks are real and material, your greatest risk is during the construction phase itself. The mismanagement of project funds can be disastrous. Projects might not be brought in on time, on budget or at all. It’s bad enough when your properly collateralized loan portfolio underperforms. It is catastrophic when your collateral is compromised or non-existent.

VERIPAY_TM manages and mitigates this risk. It lets you significantly improve the credit quality of the underlying collateral while only minimally increasing costs. VERIPAY_TM can help you significantly lower your loan loss ratio while only marginally increasing your costs.

How it’s done…

VERIPAY_TM is a series of integrated internal control processes that manages the flow of funds during construction. It ensures that:

• No project funds will be released until every item on our internal control checklist has been verified.
• No project funds are diverted or misused.
• The release of profit and overhead is strictly controlled and front-loading is avoided.
• Cost overruns are immediately identified and you are promptly notified.
• Every lien release is properly secured on a timely basis.
• Bank balances are reconciled on an ongoing basis.
• Project accounts are funded on a “just in time” basis. This eliminates float loss and further enhances your investment.

Don’t let short-term development problems impact your long term investment. Protect your investment with VERIPAY_TM.

To learn more about the advantages of VERIPAY_TM, please contact us.