Bridge Loan
Program #LG104
Program #LG104
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | Land Entitled, Land Non-Entitled |
| Lendding Area | florida, texas |
| Loan amount Minimum | $2,000,000 |
| Loan amount Maximum | $25,000,000 |
| Interest Rate Minimum | 10.5% |
| Interest Rate Maximum | 13.75% |
| Points Minimum 1st TD | 2 |
| Points Maximum 1st TD | 3 |
| Terms | 6 month, 1 year, 18 month, 2 year, 3 year |
| Typical Days Required to Fund | 20-30 Business days |
| Recourse | Recourse and Non Recourse available |
| General Pricing or Guideline info | Commercial Land Agricultural Land Residential Land Industrial Land Raw Land Alpha Funding Corp is a leading provider of hard money loans for land and vacant property in Texas and Florida. Our land loans are ideal for property ranging from a few hundred square feet up to large acreage purchases. We strive to provide you the service you need, including quick closing loans on property that government-backed lenders may not be able to assist you with. LAND LOANS FOR RAW LAND Many banks and government-backed lenders will not lend on raw, vacant land. Or, if they do lend for this property, strict guidelines prevent most borrowers from qualifying. The good news is that it is possible to utilize hard money loans so that if you can’t qualify for a land loan through a conventional lender, you can still purchase your property. A hard money or private money loan is an asset-backed loan where a borrower can receive financing secured on real estate (including raw land.) Because hard money loans are issued by private firms, it is possible for borrowers who would not otherwise qualify for lending to get the financing they need. Most of these loans are for a period of time ranging from one to three years–long enough to build on or update the property and begin earning income from it. |
| Updated as of | 2022-01-01 |
Commercial Land
Agricultural Land
Residential Land
Industrial Land
Raw Land
Alpha Funding Corp is a leading provider of hard money loans for land and vacant property in Texas and Florida. Our land loans are ideal for property ranging from a few hundred square feet up to large acreage purchases. We strive to provide you the service you need, including quick closing loans on property that government-backed lenders may not be able to assist you with.
LAND LOANS FOR RAW LAND
Many banks and government-backed lenders will not lend on raw, vacant land. Or, if they do lend for this property, strict guidelines prevent most borrowers from qualifying. The good news is that it is possible to utilize hard money loans so that if you can’t qualify for a land loan through a conventional lender, you can still purchase your property.
A hard money or private money loan is an asset-backed loan where a borrower can receive financing secured on real estate (including raw land.) Because hard money loans are issued by private firms, it is possible for borrowers who would not otherwise qualify for lending to get the financing they need. Most of these loans are for a period of time ranging from one to three years–long enough to build on or update the property and begin earning income from it.
These descriptions are limited information and meant for general reference purposes.- Michael Fink
