Blueprints to Punch List: Healthcare Edition Podcast | Episode 2 | Steve Fulmer

Blueprints to Punch List: Healthcare Edition Podcast | Episode 2 | Steve Fulmer Blueprints to Punch List: Healthcare Edition is your trusted guide to building healthcare facilities. Whether you're a facility director, project manager, or practice owner, this podcast breaks down the construction process with practical tips and expert insights. From planning to final walkthroughs, we're here to simplify every step of your journey. Focused on the unique needs of healthcare construction, we tackle topics like budgeting, compliance, materials, and scheduling. Whether you're new to the field or a seasoned professional, Blueprints to Punch List equips you with the tools to turn your vision into reality. Let's build smarter, together. In episode 2, hosts Dave Grosz and Ken Fulmer, project managers at Wilson & Company, Inc., welcome banker Steve Fulmer to discuss the intricacies of commercial lending for healthcare projects. The discussion includes the typical timeframes for loan application processes, factors influencing loan approval, and the impacts of tenant improvements. Steve shares detailed insights about SBA requirements, cash flow analysis, and the essential role of contingency funds in construction projects. He also discusses his journey from the military to a successful banking career, highlighting the importance of due diligence and selecting the right contractor. Tune in for invaluable advice on securing a commercial loan and effectively managing construction costs while mitigating risks. To connect with Steve: https://www.linkedin.com/in/sbasteve https://www.facebook.com/SBASteveCFL For more, visit: https://wilsoncompany.net/podcast https://wilsoncompany.net 00:00 Introduction to Loan Application Process 00:44 Podcast Introduction and Host Catch-Up 01:28 Special Guest Introduction: Steve Fulmer 03:20 Steve Fulmer's Background and Career Journey 12:40 Navigating the Loan Application Process 16:52 Capital Injection and Building Improvement 17:38 Loan Application to Completion Timeline 18:30 Construction Projects and Appraisals 19:29 Managing Cost Fluctuations 20:09 Contingency Planning in Construction 26:06 COVID-19 Impact on Construction 32:14 Ground-Up Development Projects 35:41 Community Bank Lending Criteria 38:59 Advice for Loan Applicants 42:46 Conclusion and Contact Information #newpodcast #WilsonandCompany #constructionpodcast #healthcarefacilities #commercialloans #sbaloan