Lender Monitoring
Lender monitoring, also known as bank monitoring, project monitoring and independent monitoring surveying, is a specialist service that focuses on development project risks in order to manage and protect the interests of a lender whilst driving a successful development. The role is typically undertaken by a chartered surveyor with an appropriate level of industry experience and a thorough understanding of the development process.
How can lender monitors support construction projects?
No development project is without its risks. The TFT Lender Monitoring team are experienced in anticipating, identifying and addressing potential problems and risks that could impact the development project and therefore your security.
TFT’s Lender Monitoring specialists help to overcome potential barriers to a successful development, with a particular focus on:
- Adequacy of cost and funding to complete
- Statutory compliance
- Quality
- Programming issues
Furthermore, our multi-faceted expertise means that we can draw upon our in-house M&E, sustainability, health & safety, and party wall and rights of light specialists to ensure all risks are positively mitigated before they impact project timeline and/or cost.
Our service, including our reporting methods and formats, are always tailored to suit yours and your customers’ specific needs in order to protect your loan whilst also being a positive influence on the development. We will closely monitor to ensure that the loan criteria and covenants are complied with.
What sectors can TFT lender monitors support?
- Office
- Retail
- Industrial
- Education
- Student Accommodation
- Residential
- PRS and BTR
- Healthcare
- Leisure
- Hotels
Our Clients say:
“They know what we want to achieve and this is very much appreciated. They want to engage. They are open and interacting and they care about what we care about.”
Debt Fund Client
Get in touch with one of our lender monitoring specialists today to get a feel for our leading consulting expertise or to simply have your construction questions answered!
Get in touch
Meet our team
Mike Duck
Mike is a Senior Director and heads up TFT’s Lender Monitoring service line across the business. Mike has a varied background which has seen him work in the contracting, private practice and local authority sectors but for the last 12 years has specialised in the monitoring of developments.
Mike and his team provide monitoring services to a diverse range of lenders including Clearing Banks, Private Banks, Challenger Bank and other boutique non-Bank lenders. Mike was the lead support to the 2015 Lender Monitoring Guidance Note. Mike regularly delivers CPD talks to clients.
Acting as Independent Monitoring Surveyor is set apart from other, more typical, surveying disciplines in that it demands a wide reaching understanding and knowledge across the development and funding spectrum. Mike's role varies from reviewing a Banking Loan Document and Ground Contamination Reports to Developer’s Appraisals and cash flow.
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