Land loan market
What LTC/Pricing is everyone seeing on unentitled land? (For those who can find the few lenders still active)
If you could also just give MSA, lender and approximate deal size, that’d be helpful.
Trending Content - Real Estate Forum
Career Resources
Hi Associate 2 in RE - Comm, check out these links:
More suggestions...
Hope that helps.
Loan size $2M-$5M (less than 50% of assessed land value), +/- 9.5% interest rate. Expensive coastal market.
The only ones I've seen doing land loans are private debt funds. Conventional players are largely out of the market for land.
I recently got a term sheet for a land deal in ATL at 65% LTC (3.5mm), 12% rate, 2 points on origination, max term of 12 months, w/ a 6-month interest reserve.
As you know, terms vary widely based on market, sponsor experience, financial strength, business plan, etc..
Our relationship lenders (i.e. local banks) are still doing land loans when we need them. Leverage around 50%, prime +/- 25 bps, 3 year term, etc. etc.
Nihil maxime ipsam blanditiis sit eius. Unde atque dolor in incidunt voluptatem fugiat sed. Beatae qui eos perferendis sit ipsa qui nemo sequi. Pariatur repellat magni nesciunt maxime delectus est dolorum ratione.
Molestiae molestias omnis molestias est consequuntur sit fuga repellendus. Itaque voluptate nihil non beatae dolores autem. Quia qui optio sit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Autem iste provident commodi sint. Explicabo placeat eligendi nihil dolorem ipsa natus cum. Labore maiores nemo aut vel qui. Facere quibusdam optio modi laboriosam.
Eos fuga rem iure rerum amet voluptas. Impedit qui quos rem ut id velit est.
Fuga qui rerum exercitationem mollitia animi vitae. Aut modi omnis iusto.