Land / Development Loans

· Very few lenders provide financing – We can connect you with those that do

· Highest risk loan in the industry

· Structure: short term typically 12 – 36 months

· Experience requirement: typically, 3 previous deals completed

· LTC ranges from 50% - 70% depending on borrower profile

· Lender wants you to prove take out model

· Borrower equity is injected up front

· Engineering, plans and permits get you higher leverage

· Essential to have proper reserves after deal funding

· Prepare for full boat interest

· Have phasing and plan in place