Granite Starting New Construction Lending-Related Unit

The Granite Companies, Denver, Colo., are launching a new division to administer and develop new core business opportunities in public and private commercial construction lending markets. Granite Excell Management will be positioned to provide consulting and other professional services to lenders under the Granite umbrella. "Granite is strategizing for the changes lying ahead," said Bill Cobb, president and co-founder of The Granite Companies. The company said it expects to be in growth mode this year and beyond. Granite's other affiliates include Granite Loan Management, Granite Commercial Management and Granite Construction Inspections. GCM and GLM offer risk mitigation services, including construction REO and workout services, property condition assessment reports, and contractor acceptance. GCI provides residential and commercial property inspection services including construction draw, status/audit, damage assessment, tenant improvement, acquisition and development.