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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Reading Cooperative Bank v. No one thinks to ask whether the contractor has pledged its receivables to secure a loan or line of credit.

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Hill Group counts on partnership housing to drive growth

Construction Enquirer

Hill’s accounts show a £315m land bank of over 12,300 homes, representing £4.6bn of future income, and a balance sheet of £322m together with net cash of £132m. The firm also holds a £220m development funding facility with four high street banks.

Housing 79
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Phases of Commercial Real Estate Development

Construction Marketing

You must secure financing for the project. Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs. Leasing the property allows the developer to generate income from rent payments over time instead of receiving a one-time payment from a sale.

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Restoration: How to Manage Cash Flow While Waiting for an Insurance Check

Levelset

Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet.

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What Is Building Valuation | Purposes of Building Valuation | Building Valuation Methods

CivilJungle

Loan security before taking a loan or mortgage – A mortgage is the security of a loan that is done based on the valuation of a building. Before giving a loan the banks usually take a mortgage. In case the person is unable to pay the debt, the property is seized by the bank, and the loan amount is recovered.

Income 52
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Commitment of Confidence

Buisness Facilities Contributed Content

banks – and even a few overseas banking giants – to stabilize their hemorrhaging balance sheets. The recapitalization of the banks prevented the global financial system from going under and a second Great Depression was avoided, narrowly. So what did the banks do with all this largesse from America’s central repository?

Alabama 52
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Flood clean-up work across Europe for New Holland machines

Digger Blog

In the City of Gijon on the northern coast of Spain, local authority highway contractor Ruvicam sent several of its New Holland machines to repair initial damage of the seafront promenade, before another incoming storm made the situation worse. Some of the worst flooding happened in Modena area where the river Secchia broke its banks.

Banking 66