Land Development Loans For Experienced Developers
Residential, Multifamily and Commercial
Spec, Subdivision and Build to Rent
Nationwide; no rural
No upfront fees
Competitive interest only rates on drawn balance
No cash to close or loan payments (can be rolled into loan if LTV and appraisal permit)
No prepayment penalties
Interest rate locks
Finance to 60% of land value
12 to 24 months plus extensions
$500,000 to $10 million per parcel
680+ credit
Reduces cash required to close when:
- Need funds to pay seller.
- Acquired land but still need permits/zoning/entitlements
- Large tract requires subdivision, re-platting, and infrastructure before marketing to developers.
Finances:
- Land acquisition
- Planning & design
- Rezoning, entitlements & special permits
- Infrastructure, transportation & utilities First lien; no subordinate liens