Mitigate Construction Lending Risk with SureBuild℠ Project Completion Insurance.
Saint Vincent, LLC is the managing general agent for SureBuild℠.
SureBuild℠, offers the extra protection a lender needs to have confidence in their construction lending practices. It is an easy, proactive solution that avoids the hassles and delays of bonds in the event of borrower default while offering policy limits of up to 100% of the construction contract amount.
SureBuild℠ offers lenders more than a surety bond for less.
Easy to Call On
Project Completion Insurance is far easier for a lender to call than a bond. If a lender needs to appoint a receiver to a failed project, then SureBuild℠ will fund cost overruns per the terms of the policy.
SureBuild℠ is designed to fund quickly, getting a troubled loan off the lender’s books promptly.
SureBuild℠ costs less than most surety bonds.
Lender is the Beneficiary
Unlike a bond where the beneficiary is the borrower, SureBuild℠ insures the lender as the policy’s direct beneficiary. Lenders no longer need to litigate or work through bankruptcy court, as may happen when calling a bond.
SureBuild℠ is bundled with a comprehensive construction risk management program. This prevents loss, which avoids litigation, and keeps subcontractors on the job in the event of a failure by the general contractor or borrower.
SureBuild℠ gives lenders the reassurance necessary to loan to borrowers who need a little extra boost in their credit profile as well as to those who do not qualify for surety
bonds (ex: the borrower is GC).
SureBuild℠ is written on AM Best rated A (Excellent) XV, Lloyd’s of London paper so that construction lenders can sleep well at night!
Isaac Stern, Executive Director
Mr. Stern is a licensed agent at Saint Vincent, LLC, the managing general agent of SureBuild℠ Project Completion Insurance. He is a licensed producer and surplus lines broker in California. He also has his Series 7 and 63 securities licenses through FINRA. Mr. Stern is directly responsible for managing agency business as it applies to compliance issues, agent licensing and appointments, contracts, and records. He acts as a liaison between Saint Vincent underwriters and underwriters with Lloyd’s of London. Additionally, he is responsible for claims management and works directly with clients to ensure excellent service and product delivery.
Mr. Stern has over 15 years of experience in the insurance industry and 5 years of experience in product development, distribution, and sales. Mr. Stern obtained his MBA from the University of Southern California.
California Resident Insurance Producer – License # 0I24494
FINRA Series 7 and 63 Licensed – CRD# 6036834
MBA – University of Southern California
BS, Business Administration – Finance, California State University – Northridge
Chelsy White, Managing Director
Ms. White is a licensed agent at Saint Vincent, LLC, the managing general agent of SureBuild℠ Project Completion Insurance. She is a licensed producer and surplus lines broker in California, Arizona, New York, Texas, Florida, and Georgia. She is also a licensed CPA in California. Ms. White is directly responsible for managing agency business as it applies to compliance issues, agent licensing and appointments, contracts, and records. She acts as a liaison between Saint Vincent underwriters and underwriters with Lloyd’s of London. Additionally, she is responsible for claims management and works directly with clients to ensure excellent service and product delivery.
Furthermore, Ms. White has 10 years of experience in corporate accounting and 5 years of experience in internal audit of accounting policies and procedures, with an emphasis on financial reporting and compliance, internal control, and construction risk management/funds control audit oversight.
Ms. White obtained her Bachelor of Science in Business Administration with a concentration in Accounting at California Polytechnic State University, San Luis Obispo.
Certified Public Accountant
California Resident Insurance Producer – License #0M96321
Arizona Non-Resident Insurance Producer – License #19163138
Florida Non-Resident Insurance Provider – License #W579102
Georgia Non-Resident Insurance Provider – License #3279458
New York Non-Resident Insurance Provider – License #1553215
Texas Non-Resident Insurance Provider – License #2421958 (General Lines) and #2424237 (Surplus Lines)
BS, Business Administration-Accounting, California Polytechnic State University-San Luis Obispo