Hard Money Land Loans - Horizontal Construction Land Loan Lender - Nationwide
 

Our land acquisition, refinance, or development program is straight forward. Millions of dollars are earmarked for deployment in 2010. If you have equity in a good project, money is available.

Please read the entire page to completely understand our land loan guidelines. Don't hesitate to contact us if you have any questions. One of our qualified representatives will be available to assist you.

Brokers and referring sources are Welcome and Protected!

Direct Money Lenders offers several programs oriented toward Commercial Hard Money Loans. If a land loan is not what you are searching for, check out our home page to learn more about how we are organized and the commercial loan programs that are offered for commercial real estate projects on a Nationwide basis.

We are looking for educated, quality borrowers, or corporate institutions that have opportunities to acquire or refinance stalled land projects from local banks, thrifts, or other hedge funds at a relatively low loan to value. We would also consider refinancing existing notes for cash out or development so long as there is enough equity in the project. 

Our borrowers usually don't meet the bank guidelines in one way or another. Our closings are fast. If the situation fits our loan parameters and it makes sense, then it is very likely we will offer you a loan.

We look for real cash and or equity into the deal. NO 100% financing unless there is additional collateral to consider. We will give you a quick and common sense answer.
 

If you need money for the following:

  Purchase or refinance land for residential subdivisions, multifamily, office, commercial pads, etc.
  Refinance current bank note
  Horizontal improvements such as: Installation of streets, curbs, gutters, utilities, and excavation work
  Partner buyouts

Typical Profile for Hard Money Land Loans:

  $750,000 absolute minimum - $8,000,000 target maximum loan amount
  Professional Builder - Developer - Investor - Low Loan to Value
  At least 50% Cash or REAL equity into the deal
  Good Location & solid exit strategy

The Offer:

  30 - 50% Loan to as is value
  12.99% - 14.99% interest only
  12 - 24 month terms
  12 - 24 month Interest reserve
  No Pre payment penalty
 Appraisal is typically required to determine value
  Cost - 5% - 7% is typical for land loans - other income producing properties are priced lower
 

 

 

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