Practice Management Member Conversations

Do banks other than in Missouri require the Architect to obtain a building permit PRIOR to closing a clients loan? I haven't had to do this for the 30+ years I have been in practice. Now it's happening in every major city. It make it hard to get get paid by the client.

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George Esser AIA
CEO
SBW/Esser Architects
Sedalia MO
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In Utah, Wells Fargo, Bank of America and Academy Mortgage are requiring permits sometime prior to the first disbursement. And they typically reimburse the owner for expenditures on design services and other professional services at closing.

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Sean Catherall AIA
Architect
Herriman UT
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Hello George: Many banks consider completed construction documents part of the collateral (or equity participation) required for the applicant to provide PRIOR to using loan funds. Banks rarely fund 100% of any project. ------------------------------------------- Gordon Rogers AIA EAS Department Executive Kitchell CEM, Inc. Sacramento CA -------------------------------------------
Original Message: Sent: 12-15-2013 10:58 From: George Esser Subject: Building Permits Do banks other than in Missouri require the Architect to obtain a building permit PRIOR to closing a clients loan? I haven't had to do this for the 30+ years I have been in practice. Now it's happening in every major city. It make it hard to get get paid by the client. ------------------------------------------- George Esser AIA CEO SBW/Esser Architects Sedalia MO -------------------------------------------