Land loan program.
Land Loan Program
Easy, fast, flexible loans for real estate investors. Designed for real estate investors seeking a short-term, interest-only loan to maximize acquire a piece of land or undergo a future development.
Lending Area: California, Texas and Washington
This program is the perfect vehicle engineered to help take you from point A to point B. Whether you’re looking to acquire a piece of land or undergo a future development process; we have developed a suitable and robust product that meets both your wants and desires.
Time is everything – Let us help you finance the early stages of your project to reach the finish line. We place a strong emphasis on being nimble and executing without all the speedbumps. Our goal is to help you see your venture all the way through to reach its fullest potential.
Loan Criteria:
- Amount: $750,000 to $2,000,000 (may consider > $2MM on a case by case basis)
- Property Types: Vacant land
- Lending Area: California, Texas and Washington
- Term: Up to 24 months
- Interest Rate: Minimum 2.99% over WSJ Prime
- Maximum LTV: Up to 55% LTV
- Repayment: Interest Only (IO)
- Lien Position: 1st Lien
- Lender Loan Fee:Varies
- DSCR: Interest Reserve Available
- Funding may include: Purchase Cost, Refinance Cost, Interest Reserve, Land Development Cost
Property Types: Vacant land