LAND LOANS

PROPERTY TYPES:  RAW LAND, AGRICULTURAL, RANCHES, UNLIMITED ACREAGE, FINISHED RESIDENTIAL LOTS, COMMERCIAL LAND AND LOTS, RESIDENTIAL AND COMMERCIAL SUBDIVISIONS, ALL ZONINGS/USES, TIED TO CONSTRUCTION OR HOLD FOR FUTURE DEVELOPMENT

LENDING AREA:  CALIFORNIA AND NATIONWIDE

PROPERTY GRADES:  ALL GRADES

BORROWER CREDIT GRADE:  ALL GRADES

LOAN TO VALUE: 

40% TO 50% (HOLD FOR FUTURE DEVELOPMENT)

60% TO 80% (TIED TO CONSTRUCTION LOAN)

NOTE:  IF CONSTRUCTION WILL START WITHIN SIX MONTHS, CAN BE AS LAND DRAW OF CONSTRUCTION LOAN

LOAN TYPES:  PURCHASE, REFINANCE, CASH-OUT REFI, SITE DEVELOPMENT, CONSTRUCTION LAND DRAW

CURRENT AVERAGE FIXED RATES:  12.00% TO 14.00%

CURRENT AVERAGE ADJUSTABLE RATES:  PRIME (8.25%) + 1.50% TO 3.00% (AS LAND DRAW ON CONSTRUCTION LOAN)

CURRENT TERMS:  1 YEAR TO 5 YEARS (HOLD FOR FUTURE DEVELOPMENT OR TIED TO CONSTRUCTION LOAN TERM)

DEBT SERVICE:  INTEREST ONLY MONTHLY (HOLD LAND), NO DEBT SERVICE IF TIED TO CONSTRUCTION LOAN

CURRENT AVERAGE LOAN FEES:  6.00% TO 8.00% (HOLD LAND), FEES INCLUDED IN CONSTRUCTION LOAN IF TIED TO CONSTRUCTION

MINIMUM/MAXIMUM LOAN AMOUNTS: 

$100K TO NO MAXIMUM (CALIFORNIA ONLY)

$500K TO NO MAXIMUM (NATIONWIDE)

LET OUR LAND LOAN EXPERTS ASSIST YOU TODAY!