| Minimum Loan Amount | $2,000,000 |
| Maximum Loan Amount | $15,000,000+ |
| Interest Rate | 12% – 14% |
| Origination Fee | 3 to 4 Points |
| Term Length | 6 to 24 Months |
| Time to Close | 2 Weeks |
| Maximum LTV/ LTC | 60% |
| Lien Position | 1st |
| Recourse | Flexible |
| Acceptable Markets | Select NW, SW, and SE Cities |
| Minimum Personal FICO Score | None |
| Legal Fee Deposit | Required |
| Appraisal | Case-by-case |
Property Types
- Commercial Land
- Agricultural Land
- Residential Land
- Industrial Land
- Raw Land
Please Send the Following to Receive Terms to submit@afunding.com
- Appraisal / Broker Opinion
- Personal Financial Statement
- Survey / Plat map
- Operating Agreement / By-Laws
- Purchase Sales Agreement (acquisition)
- Settlement Statement (refinance)
TEXAS HARD MONEY LAND LOANS FOR RAW LAND
If you’re looking to purchase raw land as an investment, you may be having trouble securing funding. Many banks and government-backed lenders will not lend on raw, vacant land. If they do lend for this type of property, they’ll have strict guidelines that prevent most borrowers from qualifying. Fortunately, you have other options. Partnering with a private money lender who can provide a private commercial loan can help you secure raw land, even if you don’t qualify for a land loan with a conventional lender.
What is a private commercial land loan?
A hard money or private money loan is an asset-backed loan where a borrower can receive financing secured on real estate, including raw land. Because hard money loans are issued by private firms, it is possible for borrowers who would not otherwise qualify for lending to get the financing they need.
What can you use a private commercial land loan for?
A hard money lender for commercial real estate will offer private commercial loans for various types of land including commercial land, agricultural land, residential land, industrial land and raw land. This covers property ranging from a few hundred square feet, large acreage purchases and everything in between.
Most of private commercial land loans, such as hard money bridge loans, are for a period of time ranging from one to three years – long enough to build on or update the property and begin earning income from it.
Why Choose Alpha Funding Corp as your Raw Land Lender?
It can sometimes be challenging to find lenders willing to work with land-based projects. However, Alpha Funding Corp is different. Land loans are one of the specialties of our firm.
We know that no two deals are the same, which is why individually structure our transactions to fit the specific needs of the borrower. This allows us to offer lending options that are unique from other lenders and have been tailored to suit you.
Our principals and executive have over forty years of experience in real estate lending, equipping us with the knowledge, skills and expertise to effectively provide hard money land loans. Offering competitive rates, our private money land loans are available nationwide and range from 12 to 36 months.
If you would like more information about hard money land loans or you want to talk to one of our loan experts, connect with us online or by phone at Alpha Funding Corp today.
Alpha Funding Corp.
Innovative Lending Strategies, Accelerated Closings.
