Raw land loans in California(there is no 100% financing available on land or anything)
Decisions are based on as is value.
Typically 25-50% of “as is value” if existing appraisals, consider the following:
Marketing exposure time noted. Less than 12 months is key. (depends on location) raw land is lower LTV than developed land (ready to build)
For purchase, typically 50-60% of cost.
We have a land questionnaire.
Land Loans (hard money) for
improved land, cashout, development and purchase
We will need
Credit if available
Loan application (click here)online
Details on the land (survey, vicinity map, zoning issues)
Summary of loan request including exit strategy and loan repayment.
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.