Land Loans (Commercial Land)Commercial land financing. Our land financing program is available for commercial vacant land to seasoned real estate developers and investors. Basic terms are as follows:
MINIMUM LOAN: $5,000,000.00. Under $5 million considered on a case by case basis
LTV: 35% to 45% of "AS IS" value (as per lender's appraisal). If purchase, it will be based on the lesser of purchase price or lender's appraisal
TERM: 12-36 Months
AMORTIZATION: Case by case basis - most loans are interest only
RATE: 15% Minimum
POINTS: 5 Points - Plus Closing Costs
IMPORTANT: This is not an offer to make a loan, all requests are subject to normal due-diligence and final approval under conditions that are standard for the specific transaction. The above terms and conditions are subject to change without prior notice and other terms and conditions apply.