| The financing of raw land, albeit for the purposes of Acquisition and Development or for Investment Purposes is as exciting and diverse as every parcel of land that currently exists upon our globe. Our services offer immediate results with creative and enlightening capitalization plans that meet the unique set of circumstances set forth by our clients.
Lending Territory: Continental United States and some additional International Projects (case-by-case basis)
Valuation Criteria: Purchase Price or supported "As Is" Appraised Value
Loan-to-Value: Up to 80% LTV (Facilities in excess of $1.0MM)
Amortiztion: Usually Interest-Only paid monthly, Interest Reserves allowed in certain circumstances
Loan Terms: One (1) Year to Two (2) Years with renewal periods for additional fees
Interest Rates: Dependent upon the project: starting as low as 8.50%
Pre-Payment: Usually carries no PPP
Raw Land
Sometimes "raw land" needs to be purchased quickly and with less underwriting than banks normally we require, which is where HFP comes in as your financial partner. Like land development financing, funding on raw land is all about location and the current "as is" value. "As Is" value can be affected by numerous and various internal and external factors, including but not limited to environmentla concerns, zoning issues, access limitations and infrastructure.
Land Development
Land development financing is an in-depth process and requires a detailed loan application package for submission.
Construction (Horizontal and Vertical)
Refinance
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