Hard Money Land Loans California
While many lenders do not make loans on land, we continue to have access to funds for land loan transactions in California. We have access to both private and institutional funds and can help with your land loan request on both small lots and large acreage, as well as improved and unimproved land. If the land you are looking to finance is located in California, give us a call to discuss your scenario.
Call Today to Discuss Your Land Loan 877 462 3422
Loan to value ratios on land loans are typically between 20% and 50%, with most loans under $1,000,000 funding up to 50%, and most loans over $1,000,000 funding between 30% and 50% of the value. Pricing on these hard money land loans can vary, and are typically interest only. In addition, we are able to help secure hard money land loans based on an as complete value if there is construction involved. Often times the property will need to be shovel ready with permits in hand to accomplish this, but we do have flexibility depending on the project.
California Land Loans – Requirements
Our California land loans have a minimum loan amount requirement of $30,000. We have no maximum loan amount. Any property type is acceptable – residential infill, commercial lots, cannabis projects, subdivisions, parking lots, small acreage, large acreage and unique properties.
We can work with most credit types on our land loans in CA. Whether your credit is excellent or is challenged, the main focus of our private hard money land loans is the equity in the property. With poor credit, the loan to value may be slightly reduced. Overall credit score, however, plays a fairly minor role in the funding decision.
Due to the changing lending environment, it is best to call us directly with your land loan requests and scenarios. Regardless of whether you are looking for a land loan for a purchase, refinance or to improve the property, we are ready and available to discuss your specific situation and loan scenario. Typically speaking we can let you know the general options we are likely able to provide with a brief 5-10 minute phone conversation.