Would anyone have a process/procedures for administering a construction loan (either residential or commercial) after it closes and be willing to share it with me?

I am new to this area and am looking for steps/checklist to follow.
Thank you.

Could you please elaborate as to what you are looking for?

Are you looking for draw/inspection sheets?

Yes, I'm looking for draw/inspections sheets to track the loan as it progresses and also I'm looking for a place to start with how the draws would be handled--- like who approves after the inspections, who makes sure the inspections are done.. is it the lender or someone else or ????

All Financial Institions don't process contruction draws the same. You could do an Internet search on construction draws and get alot of information on what different institutions do and perhaps create your own policy.

Some have a strict schedule of how many draws during the life of the loan and some allow draws anytime they are requested.

Some have strict guidelines that an inspection is required prior to any draw and some just do a monthly inspection.

Each F/I may differ on who is responsible for the inspections. Some have construction operations that would order the inspection and verify that the loan balance is in line with the percentage of completion of the project. Some would require that the lender sign off on inspections and advances.

Some have in-house personnel perform inspection and some hire third-party inspectors, passing the inspection fee onto the borrower. There are services that provide qualified inspection services just for construction lending. Some may have a list of qualifed third party AND in-house personnal that can be used.

Some require copies/proof of all purchases and invoices and some do not.

Depending on the size and complexity of the transaction some would require that draws are completed in partner with the title insurance company to determine that all lien waivers are completed prior to advancing.