The Ultimate Guide to Understanding Construction Loans Construction

The Ultimate Guide to Understanding Construction Loans

Understanding construction loans is an essential piece of the building process.   Let’s say a client hires a contractor to…

CoFi LendingSeptember 13, 2024

5 Reasons Why Every Construction Lender Should Use Construction Payment Software BankingConstructionFintechPayment Automation

5 Reasons Why Every Construction Lender Should Use Construction Payment Software

Construction payment software is changing the game of construction lending. Pen-to-paper methods of managing loans are outdated and inefficient.  …

CoFi LendingSeptember 13, 2024

5 Easy Ways to Improve Construction Efficiency for Your Projects in 2021 ConstructionFintechPayment Automation

5 Easy Ways to Improve Construction Efficiency for Your Projects in 2021

Productivity and efficiency. Historically, these have not been bragging points for the construction industry.   Construction contractors are some of…

CoFi LendingSeptember 12, 2024

How Construction Technology is Turning Local Builders into Industry Giants ConstructionFeaturedFintech

How Construction Technology is Turning Local Builders into Industry Giants

The construction sector is one of the largest in the world economy, with about $10 trillion spent on construction-related goods…

CoFi LendingSeptember 11, 2024

Here’s What Every Construction Budget Must Have Construction

Here’s What Every Construction Budget Must Have

The costs that must be included in a construction budget are endless.   Supplies. Insurance. Design costs. Permits and fees.…

CoFi LendingSeptember 10, 2024

Construction Lending is Evolving, So We Evolved, Too. Fintech

Construction Lending is Evolving, So We Evolved, Too.

In the years since our founding, we’ve made it our mission to make every aspect of construction lending better. We’re…

CoFi LendingSeptember 10, 2024

Wasatch Peaks CU Payment Automation

Wasatch Peaks CU

Overview With history that dates back to the 1930's, Wasatch Peaks Credit Union is a financial service provider in the…

CoFi LendingSeptember 10, 2024

The Truth About Construction Loans Uncategorized

The Truth About Construction Loans

Construction loans can get complicated, especially when you are searching for what truly is the lowest cost. There are many…

CoFi LendingSeptember 10, 2024

Here’s Why Paying Your Subcontractors Late Can Lead to Legal Penalties ConstructionPayment Automation

Here’s Why Paying Your Subcontractors Late Can Lead to Legal Penalties

Delayed payments. Sometimes even non-payment. Paying your subcontractors late is more than just an inconvenience.   This has been the…

CoFi LendingSeptember 10, 2024

Construction Finance Risk: Understanding the Basics ConstructionFintech

Construction Finance Risk: Understanding the Basics

Risk. If there’s one word to describe construction finance, it’s this.   Construction finance risk has stopped many lenders from…

CoFi LendingSeptember 10, 2024

The 4 Main Types of Lien Waivers BankingConstructionFintech

The 4 Main Types of Lien Waivers

Lien waivers are a powerful tool to help mitigate risk on your construction projects. But if you don’t understand them,…

CoFi LendingSeptember 10, 2024

CoFi Makes the Inc. 5000 List of Fastest Growing Companies in America ConstructionFeaturedFintech

CoFi Makes the Inc. 5000 List of Fastest Growing Companies in America

We are thrilled to announce that CoFi has been recognized on the prestigious Inc. 5000 list for 2024, ranking #359…

CoFi LendingSeptember 10, 2024

10 Ways to Find and Keep the Best Subs Construction

10 Ways to Find and Keep the Best Subs

As a general contractor, your subcontractors can make or break your schedule, your budget, and even the entire project. Years…

CoFi LendingSeptember 9, 2024

The Dos and Don’ts of Construction Loans BankingConstructionFeaturedFintechPayment Automation

The Dos and Don’ts of Construction Loans

Construction loans can help cover the costs of home construction. But it’s vital to know all the details before signing…

CoFi LendingAugust 29, 2024

Construction Project Quality Audit: 5 Crucial Steps Construction

Construction Project Quality Audit: 5 Crucial Steps

In an ideal world, you would have someone closely monitoring every step of every construction project to ensure quality work…

CoFi LendingAugust 25, 2024

Construction Draw Inspections: Why Do They Matter So Much? ConstructionPayment Automation

Construction Draw Inspections: Why Do They Matter So Much?

Construction draw inspections are like insurance for construction lenders. You don’t always want to pay for it, but you may…

CoFi LendingAugust 25, 2024

Construction Finance Ratios: 3 Main Ratios You Need to Understand ConstructionFeatured

Construction Finance Ratios: 3 Main Ratios You Need to Understand

Although most contractors start their company because they love building, running a successful business requires more skills than construction alone.…

CoFi LendingAugust 25, 2024