Private and Hard Money for Land loans , Raw land and development

Our land loan review and funding can be used for the following :

 

 

Raw land loans are designed to be a bridge:

Development for construction of residential lots , commercial lots and site preparation

Infrastructure - roads - other

Utilities

Entitlements for zoning

 

Underwriting Raw Law Land :

Typical funds occur at 50 - 70 % of  “as is value” if existing appraisals, consider the
   Marketing exposure time noted. Less than 12 months is key.

Loans may be funded "up" for development as improvements will increase the value

 

Some questions:

Basic - what will it cost to develop?

What is the source of capital for development and entitlements?

What is intended use of land?

What is access?

what is the general area?

What is topo and how will it affect engineering and grading

 

For purchase, typically 65% of cost at most

 

 

Items needed for consideration for funding:


  Initial Loan Request (see link)


  Loan application (apply online on this site)

 

"the story" of the deal , should include the following :
  Details on the land (survey, vicinity map, zoning issues,history, ...why should the loan or development take place?)
  Explain the exit strategy and loan repayment.

Borrower background resume : - Can we see references of past projects, equity partners and ability to execute,deliver within budget

land loan checklist

Aerial map - with clear boundaries

**discussion - summary of land transaction (first thing)

borrower-sponsor info- background

contract if purcahse, and history if refinance

all 3rd party available reports