About Us
While Cardinal’s primary responsibility to lenders is to help protect their investment, our secondary responsibility is to act as their agent to the developer and contractor. Our years of experience in the field allow the precarious balance between lender protection and developer service.
Consulting Services
In competitive markets, construction lenders eagerly seek quality developers and contractors. Repeat business by these quality personnel is key to a lender’s profitability in competitive times. Our professional, knowledgeable, and prompt consulting services help keep quality projects within a lender’s portfolio.
In slower markets, however, a close watch on development projects is required due to the increased risks. We provide added security to the developers, contractors, and subcontractors with our involvement in their projects.
Project Reviews
Potential problems with budgets, timing, and project feasibility that are discovered early can be resolved, allowing projects with difficulties to be completed. In case projects are not initially reviewed by our team, they can still be assessed, and a corrective course of action will be recommended and implemented. We work with lenders to determine the scope of their oversight required.
Fund Control Services
We also provide fund control services, which means being more hands-on regarding controlling the project funds. Typically, we will track the project’s funding and prepare a list of checks for the contractor and subcontractors. Depending on the project’s requirements, we will also track the subcontractor invoices and verify lien waivers, budgets, and bank balances.
Many times, these fund control services will be utilized where more significant control of the project is required, or some party does not have the capabilities to do these services by itself.
Our Clients
