Filing a blanket contents UCC as an abundance of caution is fine, except when flood insurance is involved. Unless there is some reliance on the collateral value of the contents, it becomes pretty problematic as to how much coverage is required on any loan, construction loan or not. Are they going to have $100,000 or $500,000 in contents. If the loan is more than $500,000 and your building flood insurance is already maxed out - you will have to know.
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