Non-Recourse A & D Land Loans
Loan Amount: $2M - $40M+
Term: Up to 5 Years
Rate: 8.75% and up
Origination Fees: 2-4%
LTC: Up to 85%
Comment: Lot developers use the 85%LTC non-recourse A & D land loans, along with their builder deposits to close with little to none of their own cash at closing. With potentially 100% of the capital stack financed, developers can close without an equity partner, and keep 100% of their profit.
Non-Recourse Land Loans - Quick Close Scenarios
Loan Amount: $2M - $40M
Term: 1 to 2 Years
Origination Fees: Risk Adjusted
LTC: Up to 75%
Appraisal: Not Required
Recourse: Often Non-Recourse
Closing Time: Typically 2 to 4 weeks, but 1 week close possible
Comment: Ideal for early stage land loans without builder contracts. Ideal for quick closes, return of equity (cash-out) and special circumstances.
Non-Recourse Land Acquisition / Construction Loans for Multi-Family Developers
Loan Amount: $10M - $50M
Term: Up to 3 Years
Origination Points: 2%
LTC: Up to 80% - debt only; up to 85% with participation
Recourse: Non-Recourse, standard carve-outs
Comment: Adaptive reuse and condo projects considered.
****Land Finance Group strives to provide the gamut of land loans, often characterized by risk. We also entertain other risk-based loans, such as EB-5, resorts, (Caribbean projects), brownfields, bankruptcy, or new technology businesses with a real estate component.
Contact Kyle Poole to discuss specific scenarios - 202-244-3000 / firstname.lastname@example.org