We are typically hired by property management companies for work in CA. Can you confirm that the requirement to notify is the same for “construction lenders” as it is for “mortgage lenders”? It is rare that we work on construction projects with construction loans, however I would expect that most of our properties have mortgages.
Yes, the noitce is a 20-day prelim notice, which is a prerequisite to later lien the property, and the same prelim is notice to the construction lender, whcih is a prerequisite to serve a stop payment notice. If you would like to discuss, call at any time. Thanks,
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