Why Lenders Still Struggle with Modular Projects

Traditional construction lenders have trouble underwriting modular deals—and most borrowers don't understand why until it's too late.In this episode:Why draw schedules don't match modular cash flowThe collateral problem: modules in a factory aren't real propertyAppraisal challenges when comps don't existInsurance gaps during transport and installationWhy modular borrowers often need bridge capital or alternative structuresWhat sophisticated borrowers do differentlyBuilt Different is brought to you by Spring Street Management Group.]]>