article thumbnail

Banks Consider Climate Change Risk for Home Loans

Pro Builder

Banks Consider Climate Change Risk for Home Loans. Banks are starting to calculate their risk exposure to climate catastrophes, and this process can be called “underwaterwriting” or “blue-lining,” depending on whether you’re looking at it from the point of view of the bank or consumer respectively. Tue, 09/21/2021 - 11:36.

Banking 52
article thumbnail

Former Arkansas construction exec sentenced to 3 years prison for bank fraud

Construction Dive

submitted fake invoices to his bank in order to be able to draw on a business line of credit. Matthew Beasley, former president of contractor Cobas Inc.,

Banking 67
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

C.F. Møller Architects and Arkthing win competition to design Icelandic bank building

BD+C

Drawing inspiration from the volcanic basalt stone, the horizontal layers of rock, and the atmosphere of the caves and clefts of the Icelandic landscape, C.F. Møller and Arkthing have won a competition to design Landsbankinn’s newest bank in Reykjavik.

Banking 75
article thumbnail

Fire at Arizona Energy Storage Battery Bank Draws Scrutiny

ENR Construction

Questions are still awaiting answers as Arizona Public Service Co. investigates the cause of an explosion April 19 in a 2-MW/2-MWh grid-connected energy-storage battery facility in Surprise, Ariz.

Arizona 42
article thumbnail

Baltimore Venue Gets Sustainable Upgrade

ENR Construction

The CFG Bank Arena renovation is enabling the 60-year-old structure to draw national acts such as Bruce Springsteen.

article thumbnail

#122:  Construction Loan Disbursement Pitfalls

NH Construction Law

A common feature of residential construction loans is the requirement for periodic inspections of the progress of work, usually by an independent inspection company hired by the bank, before disbursements are made. New Hampshire Savings Bank , 131 N.H. ” And such a voluntary undertaking is exceedingly rare.

Banking 40
article thumbnail

What Every Business Owner Should Know about Design-Build Construction

Wolgast Corporation

Through three phases, the Contractor reviews the progress drawings with the Architect to ensure that the project is still within budget and can be completed by the deadline. He or she will then have enough information to know if financing is needed and, if so, documentation to take to the bank to get their loan approval.

Design 62