Land Gorilla, a construction loan management software provider, is now offering X-RAY, an AI-powered due diligence solution designed to protect construction lenders by with data-backed assessments of project feasibility, budget accuracy, contractual risk, and builder reliability.
According to the San Luis Obispo, California-based company, X-RAY provides lenders with specific steps to mitigate project, budget and contractor concerns before closing. By fast-tracking review turnaround times, X-RAY is designed to help lenders close loans faster, avoid missed rate locks, and improve the experience for borrowers and builders while reducing operational costs.
X-RAY is currently available for residential one- to four-unit new construction and renovation loans, including mid-project contractor replacement analysis for abandonment or termination scenarios. In the coming months, it will incorporate commercial and multifamily project analysis, providing coverage across all asset classes, the company added.
“Hidden issues in construction lending often jeopardize a project before the first shovel hits the ground,” said Sean Faries, CEO of Land Gorilla. “X-RAY delivers greater visibility into project and builder risk and empowers lenders to make faster, more informed construction lending decisions. By combining advanced AI analysis with expert human verification, we are providing the ultimate safeguard for construction portfolios.”
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