Land Development Lenders

Let our commercial banker personally help you with the right option for you and your business.

Land development lenders.

We provide commercial real estate financing to take land development from the acquisition stage through the subdivision development process. A land development loan is an advance of funds secured by a mortgage to finance the making installing or constructing of the improvements necessary to convert raw land into construction ready building sites. If you are working on one or many residential land developments money can be available for the continuation of your project so long as there s substantial up side remaining or low leverage contained within the residential or collateral. Residential development subdivision financing for lots.

Acquisition and development loans. Direct understands that the purchase and commercial land development of real estate can be a daunting experience and acquiring financing for it should not make the task even more challenging. Commercial development loans. Land acquisition development financing.

Getting the right financing for real estate development doesn t have to be an intimidating process. A land development loan finances the improvements needed to convert raw land into construction ready building sites. Unlike other acquisition development or construction loans the term of debt is much longer when working with raw land. When you choose cornerstone lending you ll find that getting the loan that you need isn t a challenge.

In other words a land development loan takes an unimproved parcel and breaks it up into a number of smaller improved parcels upon which homes or. An advance of funds secured by a mortgage for improvements in order to convert raw land into construction ready sites is part of vii overall portfolio of secured interests. Land bank financing is generally available up to 50 of the cost of the land and servicing loans for both residential and commercial industrial lots are funded on a cost to complete basis in the area of 60 85 of total cost depending on the type. Land and real estate development loans are used to purchase land and prepare it for development.

We offer a range of commercial development loan options for land acquisition and development one of which will meet your specific needs perfectly. We are pleased to offer financing for development of commercial land or residential lots. Unlike residential and commercial construction the goal of land development is not to present a finished piece of real estate but to prepare it for further construction. The experience of our real estate lending team will guide you through the process with ease.

Many developers then sell the land to a builder but some developers obtain a construction loan and build on the land themselves.