Land Acquisition and Development Loans
For experienced land developers who turn dirt into residential shovel ready building lots
Loan amounts: $10MM to $50MM
Competitive rates and terms
Flexible institutional quality lending
High leverage: to 85% LTC and 75% LTV
Nationwide major markets: except KS, IO, ME, MS, MT, NB, ND, NH, NM, RI, SD, VT. WV, & WY
Term: to 48 months
Non-recourse
Required:
- First Lien
- Last 3 years recent experience on title:
- 100 lots per year
- 2-3+ active projects
- Liquidity: cash to close plus reserves
Friendly, professional, responsive service…