Land loan sizes can range from $100,000 to $5,000,000 on properties nationwide, and at almost, including raw land without any entitlements or fully entitled land for:
Purchase
Acquisition & Development
Development, only (loan against already owned land)
Lot Sales Programs and builder loans (spec included)
Refinance, no cash out (payoff seller, mature note…)
Hard Money/Fast Funded Loans
Joint Ventures with land owners
Non-recourse Loans considered for 40% LTV or less
Rates and terms vary. Because of diverse investor /capital partner portfolio, we can only ballpark terms. 6 months – 30 year terms. Hard money rates (10-16%)
TEXASLANDFUNDS.COM (CLICK)
OTHER PROPERTY TYPES:
commercial income properties
land in Texas considered
Loan Size:
$500k to $10 Million.
100k min in Texas 1st and 2ndary markets
Interest Rates:
Rates as low as 12% (depending size and location and strength of transaction)
Prepayment:
varies
Loan to Value (LTV):
Up to 70%(most 60 - 65)
Origination Fee:
varies (2-5)
Closing Times:
less than 30 days, quicker if all information needed is available |
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