Lending Solutions for Developers by Developers
We understand how difficult it can be to finance a real estate development. Explore our lending solutions designed to meet your real estate financing needs.
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Acquisition loans are specifically used for providing capital for the purchase of land that hasn’t been developed yet. These loans will usually cover the purchase of the land only, and the development of the land will require a separate loan. The types of land or properties these loans can be used to acquire are single-family homes, townhouses, mixed-use properties, multi-family properties, shovel-ready land and more.
Acquisition loans
As the name suggests, development loans are used to fund the development of land that has already been purchased. Once developers have purchased the land that they want to develop, they will look at getting a development loan to fund the rest of the project. Development loans can be used for a host of projects including engineering costs, architect costs, legal costs, zoning costs and anything that needs to be done to the land so that construction can be done.
Development loans
Developers who are looking for a financial solution that encompasses both buying a property and developing it, can opt for an acquisition and development loan. These loans are divided according to each use, which means that part of the loan is use for purchasing the raw land, and the other part is used for entitlement costs. This is a versatile loan offering developers more freedom than other loans.
Acquisition and development loans
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