We provide lot / land financing for the following four types of property:
- Residential Lot / Land for Consumer — Bank financing for the purchase or refinancing of Residential or Agricultural zoned land / lot parcel for construction of a primary, second or investment property home in the future; up to two, adjacent parcels possible. Conditions and restrictions apply – see below.
- Agricultural – existing or potential farm income. We can finance one or more contiguous agricultural parcels for purchase or refinancing. Minimum 10 acres AND $250,000 loan, max 70% loan-to-value. Conditions and restrictions apply – see below.
- Developer / Builder — land acquisition or bridge completion financing: 50% LTV bridge-purchase financing for experienced developers and spec home builders / commercial property. Also limited, case-by-case refinancing of incomplete tract subdivisions for “blue top” improvements prior to sale or construction. Conditions and restrictions apply. Call or email for more info.
- Commercial, Industrial, Manufacturing, Other Zonings: NO commercial bank financing for these property types – private financing only. Commercial banks are not loaning on vacant commercial land after 2008, but we can provide limited financing on a case-by-case basis for these zoning types. A significant down payment is typically required (or less down with cross-collateralization) and these are usually shorter-term bridge loans, not long-term solutions (though we do have one option for 15-year financing). Call or email to discuss.