Land Development Loans
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Land development loans can be used for the transformation of any raw land. These loans can be availed in a simple and easy process. Commercial Real Estate Loan Pros of Fort Myers can provide easily accessible and hassle-free development loans from renowned lenders. Contact us now for booking an appointment. This article contains relevant information about land development loans. Read along to know more.
What are land development loans?
These loans can be availed of by contractors, developers, and other people in the business if they want to utilize the funds for turning the raw land and construct something on it. But these loans are not limited to that; other things which you can do with these loans are:
- Property Under Development (PUD) Financing
- Partial Development of Already-Worked on Land
- Purchasing of Raw Land
- Development For Future Sale or Construction
The origin of the development loan is a multistep process that takes into account all the actions starting from the application submission to the final disbursal of money. Therefore, the development loan should be sized with care and attention to make sure that any unforeseen expenditure can be solved with it. Examples of areas for land development loans may include:
- Roads
- Bringing sewer, power, & water to the area
- Engineering and leveling
- Grading or scraping of land
What are the different types of land development loans?
Land development loans are available in two forms:
- Development loan: A straightforward agreement says that the borrower repays the loan with interest in periodic installments.
- Secured purchase loan: It gives the lender additional protection in the form of an asset. It may be used as collateral and comes with lower interest rates for the borrower.
Why choose us?
At Commercial Real Estate Loan Pros of Fort Myers, we are here to make your vision a reality. You will get an unmatched experience across a wide range of commercial real estate investments. The skilled professionals on our team will tailor a solution that will suit your project in the most efficient manner. People in Lee County trust us for the services we provide. Some of the reasons are:
Speed and convenience
After the inspection approval, we can close within five days. If seen in the case of banks, they take months to review a typical real estate project. At that time, our customer’s projects are already underway, and they enjoy benefits.
The highest degree of leverage
With no loan-to-cost requirements, we provide loans for the complete value. As a result, more funding can be provided to your project as compared to the banks.
Unmatched industry experience
We have been working in this field for a long time and have served thousands of customers in a wide variety of loan requirements. As a result, the level of real estate market intelligence is second to none. You will benefit from the deals you get. We are affordable and make cost-effective schemes for all. So, contact us now if you require any help in the real estate loan consultancy business.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.