Pre-Development Land Loans
Spec, Subdivision and Build to Rent
Investment Residential, Multifamily and Commercial
Pre-development loans usually financed by borrower or high interest loans
This loan will help you preserves your cash
These loans move your project through these early stages:
- Land acquisition
- Site planning & design
- Rezoning, entitlements & special use permits
- Infrastructure, transportation & utilities
It helps save liquidity to close construction financing.
Scenarios we see:
- Land found but need capital quickly for seller.
- Site acquired but permits/zoning/entitlements still needed.
- Large tract requires subdivision, re-platting, and infrastructure before marketing to builders and developers.
- Nationwide
- Loan amounts: $500,000 to $10 Million+ per parcel amd
- 12 to 24 months plus extensions on a case by case basis
- Competitive interest rates
- Interest only on drawn funds
- Finance to 50% to 60% of land appraised value
- Many hardships affect traditional creditworthiness. Private asset-based lending gives less weight to these factors than bank financing.
- Borrowers may pay closing costs out of pocket; but no out of pocket expenses needed if loan LTV allows room for all fees to be rolled into your loan.
- No monthly payments if built into loan
- 1st position lien
- Funding in 4 to 8 weeks
- 620+ credit score
- For experienced developers, builders,and investors
- Borrower liquidity: 5% of loan amount plus cash to close
- No upfront fees, tax returns or income verification
To submit your online loan request, please click the blue GET STARTED Link for your PRE APPROVAL for qualified borrowers within 48 business hours via DocuSign. No upfront fees, credit cards, tax returns, income verification, Social Security Numbers or credit checks are required for PRE-APPROVAL.