LAND LOAN in TEXAS / TELL US A LITTLE ABOUT YOUR TEXAS LAND LOAN
Land LOAN AND LAND DEVELOPMENT FINANCING IN TEXAS -FUNDING SMALLER DEALS IN GROWTH ORIENTED CITIES IN TEXAS
Funding smaller deals (100k - 3 million) can be difficult as they are sometimes to small for larger hedge funds and private investment groups to effieciently underwrite and handle. Through our connections with private groups in Texas who know metropolitan areas in the state we can fund land developement and raw land deals in many cities in Texas.
50% ltv on raw land and up to 70% on land development. In most cases nothing more than 70% Loan to cost can be achieved, but there are many deals that fit this criteria. Funding faster and requiring less documentation is an advantage over most local banks and larger financial institutions.
TYPES OF ACCEPTABLE TRANSACTIONS
UPDATE: DUE TO UNFAVORABLE CONDITIONS IN RESIDENTIAL MARKET, LAND FOR USE AS RESI DEVELOPMENT ARE LIMITED. Our fund and our capital partners are lowering ltv and required presales and more detailed exit strategy.
COMMERCIAL LAND : STILL FAVORABLE. WE ARE LOOKING FOR LAND TO BE DEVELOPED AS RETAIL AND MULTIFAMILY.
Refinancing existing land for development or construction
Construction funds for subdivisions and commercial use
Equity partnerships available
Have a good executive summary and loan request
Detailed exit strategy
OVERVIEW OF TEXAS LAND LOANS
Location is one of the greatest indicators of a property's value and development potential. Most development deals that require funding originate out of rapid-growth markets or areas of transition.
In addition, it is often better to be an infill project in a major metropolitan area than a development on the fringes of a city or rural area.
Factors that also impact a property's value to the bridge lender may include development potential include its neighborhood, views, proximity to schools, other attractions and traffic interchanges, political environment and even large, corporations moving in or out an area.
Are there environmental issues. What about zoning and other restrictions. How much research has been conducted. All this info need to be in the executive summary or loan request.
Physcial characteristics and topography are also important. A review of engineering reports is another important step in assessing the property. These reports may reveal a situation that must be mitigated or that might increase the development cost. For example, if the topography is especially steep, land development may be reduced. This could increase the cost to improve the lots or to build the homes. Engineering reports also can determine if a property is in a flood plain.
Consider the above factors when submitting or putting together your proposal for land development loans. Give us as many details as possible and we can leverage our partners in bridge funding to guide you to a closed transaction.
What we do:
By partnering with private investment groups, real estate hedge funds, banks, reits and more we are able find the right funding for your project. If you are experienced and have a full package ready to be viewed by our funders we can act quickly and normally have a term sheet for your land development loan within a day or two. Using our strategic partnerships with our investment groups we can help you put together your land development loan request and executive summary.
Land Development equity financing and joint ventures
Are you looking for partnerships or equity financing. Do you have the land but need experienced developers to make things happen. Tell us your scenario and we can help. Just like financing for the debt portion , it must make sense.
Working with brokers and principals both
Your a mortgage broker with land development loan scenarios. No problem, with our unique relationship with our investors we gladly work with brokers. we can assist you documentaton prep and conference calls with your customer.
al (hard money) funding for commercial real estate transactions. .
Hard money loansd as a temporary solution to obtain funding for re-finance or a purchase of commercial, invesment or residential property. Hard money loans for refinance are often needed where quick, non bank conforming funding can help to make a deal work.
We provide non-tradional (hard money) funding for commercial real estate transactions. .
Hard money loans may be used as a temporary solution to obtain funding for re-finance or a purchase of commercial, invesment or residential property. Hard money loans for refinance are often needed where quick, non bank conforming funding can help to make a deal work.