Joint Venture Residential & Commercial Land Loans

Funds are available in 2011 for well qualified residential developments, commercial developments & PUD's for experienced sponsors. Equity participation does exist and will be considered for select projects on a Nationwide basis.

Our senior management and seasoned team of professionals have significant residential development and construction experience. We are actively, day-to-day, working within the challenging credit markets. DML understands both the pitfalls and the opportunities that homebuilders and land developers are facing today.

Rely on our experience and understanding of these market opportunities to create value, be responsive to your capital needs, and advance your project to the next level.

TARGET SPONSOR & DEAL PROFILE:

No 100% financing will be offered - Midsized to large private or public builder/developer with a successful and proven track record of turning, building, developing residential lots or homes in their respective markets.

Looking for established markets 50,000 or greater population - Nothing rural will be considered - City/town that displays positive population and employment growth.

The development is typically either a stalled project, bank owned REO, or ballooning note with most, if not all, of the horizontals completed.

All projects must have full entitlements and shovel ready. If project not that advanced, please consider another variety of our land loan products such as Raw Land Loan or Developer's Capital.

Call us today - 317-663-3153 - Virtually all Commercial Property Types Considered!

Joint Venture Land Loans General Guidelines:

Eligible Properties	Bank owned, REO properties, stalled residential subdivisions, ballooning notes, overleveraged properties, discounted notes from banks, thrifts, pension funds, etc.
Minimum Loan Size	$2,000,000 - $10,000,000+
Pricing	Target IRR 25%-35% - includes management fees, with an upside potential
Loan Terms	12 - 48 months from initial investment
Prepayment Penalty	None typically
Personal Guarantees	NO - Non-recourse format
Loan-to-Value	55% AS-IS maximum LTV- As completed LTV may be considered on a case-by-case situation
New Equity (cash) Requirements	NO 100% Financing - Developer - Minimum new equity CASH injection 10% - 20% of total projected cost
Third Party Reports	Appraisal - Collateral value opinion Reliable Phase I environmental report (older report can be used if property does not display obvious signs) DML Property inspection (required) ALTA land survey
Preliminary Submission Package For Joint Venture Land Loans:	1. Property description, address, & current debt structure 2. Well written summary of the goals 3. Representative color aerial photographs - or older appraisal 4. Pro-forma 5. Sources & uses 6. Sponsor(s) resume

Don't take our word for it...

"Direct Money Lenders worked with my existing bank that had been stalling my residential sub-division for 2 years. We negotiated a reduced payoff and saved the project Thank you!

Solution Partners LLC, Charlotte, North Carolina

"I was impressed with the quick close times and clear expectations during the process."

Equity Street LLP, Central, Florida

Joint Venture Residential & Commercial Land Loans

Joint Venture Residential & Commercial Land Loans

TARGET SPONSOR & DEAL PROFILE:

Joint Venture Land Loans General Guidelines:

Joint Venture for Land Loans

Don't take our word for it...