Match costs to milestones
Map deposits, progress payments, lender inspections and expected draw timing. A contractor’s payment schedule may not match a lender’s advance schedule.
Keep a contingency
Delays, scope changes and carrying costs can change the project economics. Discuss the cost to complete and how additional funds would be supplied.
Confirm the exit
Test the financing available at completion or the expected sale proceeds. An exit assumption deserves the same care as the construction budget.