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How Lenders Can Safely Navigate Rising Material Costs

Brought to you by: Land Gorilla

In this episode:

  • Shannon Faries, Director of Strategic Partnerships, Land Gorilla
  • Sharon Whitaker, Vice President, Commercial Real Estate & Finance

Episode Summary

A 180% increase in lumber prices has raised the average cost of building a new single family home. This significant increase in building materials costs impacts the delicate nature of the housing sector with implications to homebuilders and homeowners. But there are best practices for construction lenders to proactively navigate markets with rising material costs. Here are the top three.


Land Gorilla
Land Gorilla

Land Gorilla is an industry leader in Construction Risk Management. Our software and services were developed to help construction and renovation lenders manage the inherent risk associated with construction lending. Land Gorilla offers a portfolio of services including the Land Gorilla Construction Loan Manager(TM) web-based platform, Loan Program Development & Consulting Services, Construction & Renovation Draw Inspection Services, Appraisal Management, Builder Acceptance Review Reports, Project Reviews, Construction Underwriting Services, and Construction Loan Management.