Commercial land loans-Commercial Real Estate Loan Pros of Tallahassee

Commercial Land Loans

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If you are a company that is trying to finance its future premise and workspace, you do not have to push yourself too hard with the process. Instead of going for an entire commercial loan to go over the entire project, why not start with commercial land loans?

After all, lending institutions have several types of credits that can finance specific parts of a project, which allows companies and individuals to go step by step and according to what they are able to afford at the moment.

Commercial land loans-Commercial Real Estate Loan Pros of Tallahassee

Besides, working on constructions and any project that does not involve an already built property takes a lot of time and money even if you choose to finance them through loans. Therefore, starting with the land where you want to perform future projects and work on your premises is a great alternative to not feel like you are falling behind with the goal.

However, keep in mind that the specific loan for the land is required and general commercial mortgages will not afford the expenses, which is why commercial land loans in specific are needed. These loans can be requested in banks, lending institutions like insurances, and pension funds, but also with private lending companies that usually offer better terms and conditions.

In our company, Commercial Real Estate Loan Pros of Tallahassee, we are able to finance several parts of what commercial land involves:

  1. Purchase the land.
  2. Handle the infrastructure.
  3. Prepare it for future projects.
  4. Include certain elements to guarantee its maintenance and good shape.
  5. All of the above at once.

Therefore, when you decide to apply for commercial land loans with us, we need to know what you need us to finance in specific since lands involve more than just the acquisition and paying the total cost. Now, indeed, most of our borrowers for these mortgages have contacted us to provide funds for the acquisition only and since we do not finance the total cost but rather up to 85% of it or other expenses, they decide to use the money for choosing and buying the space.

However, we are more flexible with our loans than it seems and if you need the funds for other purposes within the same land or include other expenses, we are willing to help with them as long as requirements are met.

Terms and conditions for our commercial land loans

Since they vary according to the land, the sum of money requested, your situation, if you are a company or particular, and other factors, we do not have fixed terms for each time we grant one of them. But if you need to have information about a standard or what you can expect, we usually work with these conditions:

  • From 3% to 15% in interest rates, which are also fixed ones established for the loan.
  • Higher LTV and LVR ratios.
  • Longer periods of time for repayment.
  • Larger loan size.
  • Flexibility when missing payments or quotes.
  • Amortization.
  • Collateral can be an asset or the land itself.

For more information about our commercial land loans, our team at Commercial Real Estate Loan Pros of Tallahassee can answer any questions via email, when visiting us, or calling.

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.