Cocamar can assist lenders with the replacement of qualified contractors for the completion of special asset construction or rehabilitation projects. Cocamar maintains a database of qualified contractors and sub-contractors in many geographic locations across the country and can locate and assign one or more qualified contractors who will provide completion bids on a stalled project. Cocamar will provide bid analysis and assist with project management and inspection through completion.
Cocamar will engage in an in-depth underwriting review of the contractor and the project through the analysis of the following:
construction cost-to-completion bids
contractor’s licenses
references
insurance
credit reports