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The Top Five Things Lenders Need to Know About Florida’s Construction Lien Law

Jimerson Firm

Florida’s Construction Lien Law found in Chapter 713, Florida Statutes, may seem like an area of the law that is only relevant to contractors and property owners. However, there are important aspects of the Construction Lien Law that can directly affect the rights and obligations of lenders in numerous ways.

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Ways to Finance Construction Equipment: Lenders and How to Qualify

Nerd Wallet

Construction equipment — like bulldozers, excavators, forklifts and cranes — is a huge investment for small businesses, and purchasing it outright oftentimes isn’t an option. Small Business Administration and online lenders offer equipment financing through business loans. Banks, the U.S. Hillary Crawford writes for NerdWallet.

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Startling rise in construction firm recovery loan defaults

UK debt collections

A startling rise in construction firms defaulting on covid loans could signal a wave of future business failures. The warning comes from accountant Price Bailey after analysing data from lender the British Business Bank following a Freedom of Information Act request.

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Commercial Construction Loans: What They Are and Where to Get One

Nerd Wallet

A commercial construction loan is a kind of business loan that helps your company cover the costs associated with building or renovating structures. You can use these construction business loans to purchase land, buy materials and pay workers. Rosalie Murphy writes for NerdWallet. Rosalie Murphy writes for NerdWallet.

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Five Key Construction Contract Terms That Every Building Owner Needs to Negotiate

Jimerson Firm

When a building owners hires a contractor to construct a building or other construction project, the contractor is often significantly more experienced when it comes to the ins and outs of the construction contract as well as the overall construction process. Construction Contract Scope of Work. Payment Terms.

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No $500M Windfall for Lenders in Mistaken Wire Transfer Case

Troutman Sanders

On September 8, Second Circuit ruled that lenders must return $500 million to Citibank, which had mistakenly wired the funds to them. funded by a group of lenders. funded by a group of lenders. Citibank was responsible for transmitting Revlon’s payments to the lenders. Citibank administered a $1.8

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Construction and Real Estate E-Note August 2021

Burr Forman

Mike Rich joins Burr & Forman’s Mobile, Alabama office as Counsel in the firm’s Construction and Project Development practice group. Her practice will focus on representation of lenders in various financing transactions, including commercial real estate loans. Jon may be reached at (843) 785-2171 or jeggert@burr.com.