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

We want to make this easy.  We have access to millions of dollars earmarked for the street for 2010.  Here are the straight forward guidelines for difficult to finance properties such as Multifamily Apartments, Mobile Home Parks, Self Storage Facilities, Warehouse, Retail Strip Centers, Office Complexes and even Land Loans.  Loan amounts ranging from $100,000 - $30,000,000+ 

We are looking for educated, quality borrowers corporations that are willing to sign personally on each transaction, usually doesn't meet the bank guidelines, doesn't have time to wait for the bank, or doesn't have the necessary cash reserves at the present time to meet the If the situation fits our loan parameters, then it is very likely we will offer you a loan. 

If you are looking for competitive bankable financing please contact us for a quote or visit our commercial loan programs.

Property types and Locations

  All property types are considered including land Nationwide - NO HOUSES
  Flexible underwriting guidelines - The more information available, better pricing
 
  Greater than 20,000 population is preferred
  Commercial zoned property
  1st lien position typically - we do have a Line of Credit option for income producing
 

If you are looking for residential loans check here to compare residential mortgage rates

Typical Borrower Profile

  Builder - Developer - Investor
  Professional
  Experienced
  Has several projects in the works
  Decent credit - Bad credit will not be turned down if you have cash in the deal

The Private Money Offer - For Other Commercial Property

  Purchase money, rehab, or refinance
  12 - 15% Interest only
  1st lien position usually - we do offer Mezz pieces of a case-by-case basis
  12 - 36 Month term
  Appraisals typically required
 
  Usually No pre-pay penalty
  Cost is deal specific - (2-5 points) - Please call to discuss.

All The Details

  The more information available and the more comfortable we feel the better the offer
  Require a solid and believable exit strategy
  Requires a site visit
  Appraisals typically required
  Small, refundable, due diligence fee required after detailed Loan Terms are issued

Next Steps

  Call us to discuss - If you pass the test you will be required to submit:
  Executive summary - explaining the deal  on paper
  Location map
  Purchase contract
  Proof of funds to close

Some examples of closed deals:

 

Raw land located in Dallas, Texas - Purchase price 3.5M borrower comes to the table with 950K - Strong Professional - needs 6-12 months for zoning and engineering to sell out.  - CLOSED - 12% 6pts.

45 finished residential lots located in Phoenix, Arizona - Refinance - 3.785M - Professional Builder/developer - Strong Credit - average net worth - CLOSED - 12% - 5pts. 

5 unit condo in Miami, South Beach - Purchase price - 1.4M - borrower brings 425k - Poor credit - professional - CLOSED - 12% - 6pts.

 

If you are interested give us a call 317-663-3153 or complete our quick online form now.

We will give you a quick and common sense answer.

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