Hard Money Land Loans
If you have equity in land you already own, or you have a down payment on a land purchase, our hard money land loan could be a fit for you.
Explore our Hard Money Land Loan Options
We have several hard money land loan options available, including:
- Purchase Land Loans: These are loans that are intended for land purchases. Land loans for purchases are low leverage, which mean they require larger down payment sizes, of between 25-50% down of the purchase price.
- Refinance Land Loans: We have land loans for land you already own and want to get a loan against. These loans are called refinance land loans. These are low leverage loans, which means you can only get a loan amount of between 50-70% of the value of the land.
- Hard Money Land Loans: are done in circumstances where the land loan may not meet all of the requirements of a bank or other traditional lender. Or in cases where a land loan needs to close quickly.
Requirements for Land Loan Approval
Our hard money land loans are ‘primarily‘ asset based with regard to qualification. The main requirements to qualify include:
- Prime property only. No raw or rural land parcels that still require development approval. No recreational land. Land must have utilities stubbed to site or readily accessible.
- Entitled Land only: the land must be fully approved for its final, intended use. This tends to be land that is preparing for immediate construction.
- Cash Equity required on Purchases: Borrower to bring min of 25% down payment on land purchases.
- Short-Term Purpose: Hard money land loans are for short term purposes, they are not intended to be used as long term loans. Borrowers of land loans should plan to pay the loan back sometime between a 6 month, to a 12 month, period. This means a solid plan for paying the land loan back within a 6 to 12 month period is necessary.
Fast Funding
We can meet fast funding deadlines with our hard money land loans.
Trusted and Reputable
Trusted and well known, we've been making land loans since 2008.
Partner in your success
We are a private money lender that wants to see you accomplish your goals.
Land Loans Frequently Asked Questions
First make sure your land loan meets the requirements listed above. If it does, reach out to us and let’s see if we can help.
No we do not have a min credit score to qualify for our land loans.
We will lend on land that is not yet fully entitled on a case by case basis.
Our hard money land loans are fast funding and can fund in as quickly as 2-3 days in certain circumstances. But typically a land loan takes 5-7 days to fund.
We will consider the borrower’s additional real estate collateral on a case by case basis. Must be real estate, no other collateral for the loan is considered.
We do not lend funds for pre-construction development costs such as planning, architecture, etc. We offer land loans for acquiring land, and we offer hard money construction loans, but we do not offer pre-construction development loans.
No, we don’t offer any long term land loans. Our hard money land loans are short term loans to be paid back in as soon as 12 months.
Yes, typically you will make interest only monthly payments on a hard money land loan. This means you will not make principal payments. For example, if the interest rate is 12% annually, and the loan amount is $200,000, the interest only monthly payment will be $2,000 per month. ($200,000 x 12% / 12 months = $2,000 per month). If the loan is a 12 month loan, that means interest only will be paid monthly, and then when the loan comes due in 12 months, the borrower will make a balloon payment of $200,000 to repay the principal balance of the loan.
More Land Loans Questions?