Raw land loans (there is no 100% financing available on land)
Decisions are based on as is value.
Raw land loans are designed to be a bridge:
Underwriting Raw Law Land :
Typically 50% of “as is value” if existing appraisals, consider the
Marketing exposure time noted. Less than 12 months is key.
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.
We will need
Initial Loan Request
Loan application (apply online on this site)
"the story" of the deal
Details on the land (survey, vicinity map, zoning issues)
Explain the exit strategy and loan repayment.
Borrower background resume :
We look for :
Well thought out exits
Borrower integrity and background
Land with upside and good story
HARD MONEY LAND LOANS: WHY
Sometimes raw land needs to be purchased quickly and with less underwriting than banks.Like land development financing, funding on raw land is all about location and as is value. As is value of raw land can be affected by various factors from environmental and zoning concerns to access and infrastructure. Let us know, provide as much detail as possible when talking with us. Do you need to take out owner financing or buyout partners? Dont let a short fuse stop your transactions.
Our services offers immediate results with creative capitalization plans that meet the unique set of financial circumstances of each of our clients.
Through the years we have developed relationships with various investors that range from institutional lenders to private lenders that have allowed us to fund projects that traditional institutions could or would not consider. Commercial real estate transactions have different needs, but , time and money are a large consideration.