Land Financing

Client purchased land for an potential multi family building last year with Freedom Capital. We were approaching their renewal months and wanted to touch base with the clients. The client had put an application for building permit and rezoning into the city and was 6 months away from presale. We worked with the current lender to renewal for another 6 months. We are working with the client to get another mortgage for servicing costs and bonds to the city and construction financing

Group of investors required funds to complete on the acquisition of a large parcel with city approval for an 11 lot subdivision. We not only secured the acquisition financing, but also obtained sufficient funds to cover 100% of the servicing costs. This allows the clients to finish the subdivision with the same loan, save money and sell the lots thereafter.

A fellow mortgage broker sent us this file as he was unable to help. Client were looking to purchase a 14 unit townhouse land site for $ 4M. Completion was coming up and they needed financing in place asap. We were able to get an approval within 2 business days and completed financing on time.

Client is currently in the last rezoning stages for his 4 tower high-rise project. He needed funds for servicing and city bonds. We were able to secure quick funding so he could post bonds with the city, cover soft costs, interest reserve, and fees to move forward on the project. Once the site is serviced, our next step is construction financing, which we have a few lenders already showing interest!

A client was looking to buy a 4 lot land assembly for a future multi-family site. However, one lot closed in a week and the other three a few weeks later. So we had to work quick!!
We worked with our trusted lenders and lawyer partners to get him enough funds to close so he wouldn’t lose out on his investment. We also closed the other three lots and allowed him to start the rezoning process.
Land deals are hot right now! But lenders are slowly pulling back on the land financing options. We can help. We have options for you and your investment partners.

The client was looking to complete a multi-family subdivision (townhomes and single family homes). This was a lucrative deal, as all zoning was in place. Once they took possession, the client could market the single family lots and achieve enough equity to build the remaining townhomes. They knew they had to move fast on this opportunity, so they reached out to us as their trusted partner. We were able to obtain the 1st Mortgage for land-only financing of $ 7M with highest loan to value available in the market.
Land money is as scarce as available development land – ask us how you can use our trusted connections to find what you need and get the financing you require.

While vacant land is hard to find, sometimes financing for the land is hard to find too! Our client reached out to us, given it was difficult to obtain land financing due to the current market conditions. We reached out to our trusted lending sources and obtained a competitive offer for them in today’s market. The clients were able to close under a holding company with several partners. Next steps: working with the city on rezoning the project for a multi family construction.

Our client needed funds, fast! They had an opportunity to close on 2 lots of a 4 lot assembly. The client purchased the 2 properties under market value (in a hot market). Once they close, the remaining two lots – this assembly (which closes in 6 months) will be worth over $150,000,000.00. WOW! We always strive to help our clients MAKE MONEY when they NEED MONEY!

Worked several months with a client that was buying three lots for a land assembly for a future multi family development. They will hold onto to the property and generate income via Airbnb until they are in the advance stages of rezoning. We helped the client set up quick and easy funding. Once he establishes his income, he will refinance with the banks. Once rezoning is closer to completion, he will touch base on his land and construction financing needs.
We don’t talk about just today’s financing needs. We look at the whole picture – years from now.