Commercial
Land Development Loans
Unlock the potential of your next project with CMRE's Land Development Loans. Secure the financing you need to acquire and develop land with competitive rates starting at 8.5%. Our flexible terms and expert guidance make us the ideal partner for your land development ventures.
Program Benefits
Competitive interest rates starting at 8.5% allow you to maximize your investment potential.
Flexible loan terms tailored to your project's specific timeline and financial needs.
Financing available for a wide range of land development projects.
Expert guidance from experienced loan officers throughout the entire process.
Streamlined application process for quick and efficient funding.
Opportunity to build equity and generate significant returns on your investment.
Program Highlights
Max LTV
75%
Min Credit Score
640
Max DTI
55%
Loan Amount Range
$100K - $5M
Amortization Options
Eligible Properties
- Residential Land
- Commercial Land
- Agricultural Land
- Industrial Land
Program Requirements
Income Documentation
- •Demonstrated ability to repay the loan based on project pro forma and borrower's financial statements.
- •Sufficient income or cash flow to cover existing debts and the proposed loan payment.
- •Verification of income sources through tax returns, bank statements, and other relevant documentation.
Asset Verification
- •Sufficient liquid assets to cover the down payment, closing costs, and any initial development expenses.
- •A strong balance sheet demonstrating financial stability and the ability to manage debt.
- •Appraisal of the land to determine its current market value and potential for future appreciation.
Insurance & Title
- •Property insurance to protect against damage or loss during the development phase.
- •Liability insurance to cover any potential accidents or injuries on the property.
- •Title insurance to ensure clear ownership of the land.
Property Requirements
- •Minimum FICO score of 640 or higher.
- •A credit history demonstrating responsible debt management.
- •Limited history of delinquencies, bankruptcies, or other adverse credit events.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
Land development loans typically have shorter terms than traditional mortgages, often ranging from 1 to 5 years. This is because they are intended to finance the development phase of a project, after which the borrower will typically seek permanent financing or sell the developed land.
Loan funds can be used to cover a variety of expenses, including land acquisition, permitting fees, site preparation costs, infrastructure installation (roads, utilities, drainage), and construction costs. The specific uses of the funds will be outlined in the loan agreement.
The interest rate on a land development loan is typically determined by a combination of factors, including the borrower's creditworthiness, the project's risk profile, and prevailing market conditions. CMRE offers competitive rates starting at 8.5%.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
