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Land Development |
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We specialize in commercial land development, rehab projects,
refinancing & cash-out. Each transaction is viewed on a “case by
case” and loan approval is subject to review of the entitlements,
capital infusion, and geographical regions are key. With these
issues satisfied, transactions can close quickly. Most of our
commercial land development loans are non-recourse and with no
pre-payment penalty and up to 5 year terms.
Banks have strict underwriting guidelines such as borrower’s credit, ltv, and
real estate value. Good transactions often don’t get funded by banks, mainly due
to current market changes along with scrutiny of bank underwriting criteria. We
have more flexibility to evaluate commercial land development transactions based
on their own merits and we can make loans in cases where banks cannot. Our
commercial land development loans typically range from $1M and with no maximum.
Residential land development loans will be reviewed on a case by case basis. We
offer competitive rates and terms on our commercial land development loans.
The following documents are required for pre-approval:
1. Loan Profile
2. Personal Net Worth Statement
3. 1-3 Page Detailed Executive Summary
Please give us a call for more details at 480.832.1616 or 800.473.3100
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"WAREHOUSE LINE "
Mortgage Warehouse Line
"NEW MARKET REPORTS"
PRIMEAU FINANCES:
Golf Courses
Shopping Centers
Self-Storage Units
Apartment Buildings
Construction
Office Buildings
Gas Stations
Refinance
Restaurants
Funeral Homes
Hotels/Motels
Mobile Home Parks
Retail Stores
Car Washes
Automotive Services
Mixed-Use Buildings
Marinas
Auto Dealerships
Retail
Shopping Malls
Raw Land
Bed & Breakfast
Assisted Living
Condotels
Parking Structures
Condominiums
Light Industrial & Warehouses
Other Income Producing Properties
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