Powering Smarter Construction Finance

Construction Loan Mapping of Covid-19 Impacted Markets

Posted by Jim Fraser on Mar 25, 2020 at 10:01 AM

As Covid-19 expands across the U.S., specific markets are being impacted differently. To help monitor market-by-market impacts, Built is providing clients with a correlation map that overlays current construction loan portfolios with markets where construction has been halted or otherwise restricted. 

A portion of the map seen below provides clients with an interactive solution to quickly understand which properties are impacted. 

Maps will be available in the Built Insights reporting platform and specific to client loan data, which updates the map as clients make changes. Built’s data team is assembling work stoppage and other restriction reports from government sources such as states, counties, and municipalities to support our clients in determining properties that may be impacted by material or labor shortages. 

Mapping data for construction halts will be updated daily and continue until further notice. Please contact client success if you have any questions. client.success@getbuilt.com

Topics: Construction Lending, covid-19

Jim Fraser

Jim Fraser

Jim Fraser has over 30 years of experience in financial services, with an emphasis in construction lending and real estate development. Fraser currently works at Built Technologies as Lending Channel Manager, overseeing Built's construction lending origination and loan administration platform solutions. Built’s platform has supported over $68B in construction commitments as of 2020 and is used by more than 130 of the nation’s leading construction lenders. Prior to working at Built, Fraser was EVP of Commercial Lending at Axos Bank [NYSE: AX], where he was responsible for commercial construction lending, income property, lender finance, equipment leasing and factoring, with a combined portfolio of $5 billion. Previously, Fraser was Managing Director at Banc of California [NYSE: BANC], managing $500 million in residential and CRE construction, including FNMA and FHA renovation lending programs under Banc Home Loans national mortgage lending brand and third-party, fee-based services under RenovationReady, a division of Banc Home Loans. He brings his banking expertise to the Built Technologies team as they build the leading solution for the entire construction finance ecosystem.

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