Independent Monitoring Surveying
Managing Lender Risk
Mensura provides professional Independent Monitoring Surveying services to banks and Lenders who require assurance that funds lent to Developers and Borrowers remain safely within their risk profiles and provide a return on investment.
We offer services in connection with building and construction developments up to £5m within the Banking and Lending sector. Our approach offers positive Independent Monitoring Surveying services, providing accurate and timely advice, whilst identifying and evaluating project risks to protect our Client's interests.
Our Independent Monitoring Surveying services team delivers expert knowledge and objective advice. This strengthens project delivery and supports a wider ange of funding arrangements.
We discuss and tailor our service to your lending criteria.
We identify the risks relevant to your business whilst monitoring, tracking and reporting progress throughout the project life cycle. We pay particular attention to the project finance strategy to ensure you are in complete control of the lending facility. This safeguards against risks and ensures the facility works in your best interests.
Our services include:
- The Initial Report examining the state of the proposed project and the competency of the Borrower and its professional and contracting teams. An initial risk appraisal is carried out across all facets of the project that might affect the lending decision.
- Monthly Reports to review progress and update the risk profile including the issue of a recommended Drawdown Certificate.
- Report at Practical Completion.
- Additional Services (where required) to address matters such as defects, sales strategy and insolvency.
Benefits for Clients
By focusing on project related risk and funding arrangements, our Independent Monitoring Surveying service actively manages and protects your interests, whilst encouraging Borrowers behaviour that manages risk, that might otherwise affect the facility. And we do this in our unique "deconstructed" way making sure that the Lender is in control of the appointment of their independent monitoring surveyor consultants at all times.
For more information, download our flyer on Independent Monitoring Surveying services.