Private Money

Land Loans

Commercial Land Loan

Loans For Land Purchase

Refinance Land Loan

Land Loan Rates

Land Loan Rates

 

 

Land loan rates for our land loans can vary greatly, depending on a wide variety of factors.

The two main factors in our land loan rates are the loan to value and the location of the property. 

The lower the loan to value, the better we will be able to do on the rate.  Additionally, the more desirable the location of the land, the better we will be able to do.

These days the strength of the borrower, both financial strength and credit worthiness, also plays a part in the rate and terms we are able to offer.

Due to the market conditions, land loan rates will typically be higher than rates on other property types.

As a general guideline, our land loan rates for private money will range from 12-16%. 

These loans are typically written for one to three years, and may require some prepayment penalty or guarantee of interest.  Typically, we need to guarantee 6-12 months of interest on our land loans these days.

Our loan to value guideline for land loans in today's market is 30%.  There are some situations in the San Francisco Bay Area where we can help with a loan at a slightly higher loan to value.  There are also situations throughout the state, and depending on the location of the land, where our loan to value will be less than 30%.

Contact me for more information on our land loan rates, or for additional information on land loans in general.  Please complete our online form to start the process, or call me directly to discuss your land loan needs.




 

 


Chris Goulart, agent, DRE Lic. # 01458390 NMLS Lic. # 298819 CA broker Lic. # 01180522


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