There are many construction lending risks that initially fly under the radar during the life of the loan. It’s only when the risk hits the fan do lenders see the problems and what could have been done.
To help lenders navigate this field and prepare for any potential problems, we have compiled these top risks that must be mitigated for a successful construction loan program.
Land Gorilla is the leading technology provider of construction loan management software, giving financial institutions confidence to make safe, fast, and profitable construction loans. Land Gorilla technology reduces the frustrating back and forth between loan stakeholders, while giving lenders complete control over drawmanagement and reporting tasks. Our proven platform enables faster disbursements and seamless exchange of information between stakeholders all in one place.