Land Finance Group
Summary of all Guidelines | |
| Loan Types | Bridge Loan, Hard Money Loan |
| Property Types | Land Entitled |
| Lendding Area | alaska, arizona, arkansas, california, colorado, connecticut, delaware, florida, georgia, hawaii, idaho, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, mississippi, montana, nebraska, nevada, new-hampshire, new-jersey, new-mexico, north-carolina, north-dakota, oregon, rhode-island, south-carolina, south-dakota, tennessee, texas, utah, vermont, washington |
| Loan amount Minimum | $5,000,000 |
| Loan amount Maximum | $50,000,000 |
| Points Minimum 1st TD | 1.5 |
| Points Maximum 1st TD | 2 |
| Terms | 1 year, 1.5 years, 2 years |
| LTV Bridge | 80 |
| LTC Construction | 80 |
| Personal Guarantee /Recourse Required | Personal Guarantee Not Required / Non-Recourse |
ABOUT:
Land Finance Group (LFG) was founded in 2002 with the express interest in providing builders and developers with land loans for every scenario through multiple cycles.
The market for land loans continues to be strong, despite COVID, especially land for single-family lot development. Even with softness in some higher-end markets, production and entry-level housing demand is brisk due to low interest rates. We continue to look forward to a bright future, given the persistent shortage of lots and low-interest rates. LFG's focus is creative land finance, offering loan programs to capitalize on opportunity no matter where we are in the market cycle.
WELCOME TO LAND FINANCE GROUP:
Land Finance Group (LFG) closed 25 land acquisition and development loans in 2022 - 31 including multiple fundings. In 2021, we closed 31 land loan transactions, totaling $237M.
Most loans are non-recourse, which provides shelter if a recession occurs, and higher leverage, which often negates the need for an equity partner. We offer competitive land loans for suburban, urban and resort projects.
POPULAR PROGRAMS INCLUDE:
Non-Recourse A & D Debt for Developers and Builders
Build-for-Rent A, D, & C (Vertical)
Quick-Close, Return of Equity (Cash-Out), and Partner Buy-Out
Urban Mixed Use/Covered Land Play
OBS Landbanking
Purchase of MUD/Bond Receivables
WHAT OUR CLIENTS SAY:
“I have known Kyle and John for over 20 years. Their knowledge and contacts of our industry provided a large capital infusion to Johnson Development. We have enjoyed knowing them both personally and professionally.”
Kirk Boswell, Senior Vice-President and Treasurer, Johnson Development Corp., Houston, TX
"Paramont Capital and Land Finance Group have enjoyed a strong working relationship for many years. LFG's knowledge of land finance is unmatched. We've closed 40 transactions through all cycles."
Greg Davis, Founder and President, Paramont Capital, Mesa, AZ
"LFG has been a valuable financial partner. Their relationships and experience have played a significant role in the growth of Paran Homes. Our relationship will continue long after we sell our last home!"
Whit Marshall, CEO, Paran Homes, Atlanta, GA
Land Finance Group is located in Washington, DC. They offer financing for Bridge Loans and Hard Money Loans. The property type they primarily lend against is Land Entitled. Their minimum loan amount is $5,000,000. Their maximum loan amount is $50,000,000. Maximum duration of 1 year;1.5 years;2 years. Points charged are deal specific, but historically have charged a minimum of 1.5. Maximum points charged are 2.
These descriptions are limited information and meant for general reference purposes.