Land Hard Money

 

Geographic Area Florida Only
LTV: 25% LTV or less
Property Types: Must be dry and buildable
Rates: 14%
Payment: Interest Only
Term: 3 Year Balloon
Pre-Payment Penalty:  2 Years @ 3%
Loan Amounts: Up to $500,000
Credit: Must display overall willingness to repay debts

 

PCG will entertain requests for land financing on a very limited basis. Residential land must be highly desirable with a minimum value of $500,000. Commercial property which has been used for any industrial purpose will require a Phase 1 environmental assessment. Financing requests for land should include a 1003, credit, and printout from the county property appraisers office.

 

Hard Money Submission Form: Land