Did you know that Continental Title’s St. Louis offices offer construction loan disbursement? We sure do! We disburse for commercial and residential projects, new construction and rehab projects.
Do you know why you would need a Construction Loan Disbursing Company?
Construction loan disbursement is the process of paying contractors, sub-contractors and material suppliers directly to minimize the risk of a contractor filing a lien on the property for non-payment of any amounts due. As a construction loan disbursement company, we ensure that all work has been performed, all material is on the job site, and that all mechanic’s lien waivers have or will be collected from all suppliers and contractors prior to any payments being released. We also make sure that no mechanic’s liens are filed against the subject real estate property on every draw.
If you are in need of our construction disbursing services, or have any questions, please do not hesitate to reach out to our CTC Disbursing Team.
Items Needed To Start A Project
- Budget
- Contract between Owner and General Contractor (if the owner is not their own GC)
- Contact information for Lender, Owner, and General Contractor
If you’re interested in the Construction Disbursing services please contact Heather Norton, Construction Disbursing Supervisor.
