We offer three main types of private money development loans.
▪︎LAND ACQUISITION▪︎ We provide loans on vacant land so you can close quickly on a great opportunity or hold the property while going through the entitlement and planning phase of your future project. Land loans are offered up to a 55% loan to value (LTV).
▪︎LAND DEVELOPMENT▪︎ We provide land development loans for the installation of the horizontal improvements, such as power, sewer, & water, along with other infrastructure improvements to transform raw land into an improved subdivision (commercial or residential) with pads ready for later vertical construction. Land development loans are offered up to 65% loan to value (LTV
▪︎BRIDGE FUNDING▪︎ We provide bridge loans for industrial, multifamily, office, retail, and self-storage properties that need funds for improvements due to age or tenant requests along with allowing the time to find tenants to increase the required occupancy rates before moving into traditional long-term financing. Bridge loans are offered up to 80% loan to value (LTV).
Land Development Loans from $350,000 - $50M Our private money loans come with Interest Only Payments, No Prepayment Penalties Funding in 2-4 weeks No Bank Covenants for Land Development Loans Interest Reserves Low Credit Ok Nationwide Funding Rural areas Case by Case
Did you get the run around from another "lender" after paying large upfront fees? We can Help!
We'll give you straight answers fast No or fast CLOSE. No Large Upfront Junk Fees We know development lending and the type of projects our investors want, and can give you same-day approvals on qualified projects.. We have several types of investors for various types of properties and situations. We have successfully funded multi-millions in Real Estate Land Development Projects.
RECENT FUNDINGS:
$24 Million Dollar Development Project Colorado. A mixed use development in Colorado needed a fast close due to bank calling notes. Closed loan in 30 days
$10 Land Development Loan in Texas. Fully entitled Land development outside of Austin Texas. Client requested cash out to start vertical development of phase I. Closing in 15 Days
$1.9M RAW LAND LOAN Acquisition. Client had an opportunity to purchase 20 acres at discount. Closing in 7 days. No New Appraisal. Dallas Texas area.
$5M Cash Out on Raw Land Colorado Springs Colorado. Client owned land in Family for over 20 years. Wanted to start the development process. No Credit or Tax Returns. We provided a bridge loan cash-out, closing in 10 business day. 24 month term loan with interest reserves.
$3.5M Florida Development Loan. Small Development with presold lots. Client needed a 2nd position loan on lower LTV developed land. We arranged 2nd lien loan with option to pay down when lots sold. 12 month term.
LAND DEVELOPMENT LOANS TERMS PRIVATE MONEY / BRidge PROgram.
7.99-14.49%
Up To 70% LTV
$350,000 to $50 million
6 Months - 10 years Interest Only or Amortized over 25
1st Position Only
Funding in 7-15 business days!
New Appraisal Not required in some cases
Low Credit Ok. No Doc Loans Available
Rates and LTV depend on location and if property is vacant, development or can debt service the loan
All commercial properties accepted
Ground up Construction Lenders -Hotels/Motels Flagged -Medical Office -Gas Stations -Apartment Complex -Multi-Office -Residential Development -Commercial Mixed Used Development
Commercial Bridge Loans and Raw Land Loans. Asset Based Lender, Asset Based Loans for Commercial Business, Texas Land Loans
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