Funded
$265,000
Land loan
Bronx, NY
- Home
- Land loans
Land loans
Land loans in New York and New Jersey.
Private financing to buy or refinance land and lots in New York and New Jersey, like our $265,000 land loan in the Bronx. Term sheet in a few hours.
How land loans work
Banks often will not lend on land at all, or take too long when a seller wants to close. A private lender looks at the land, its value and your plan. Brooklyn Bridge Capital lends on land in New York and New Jersey, and one listed example on our site is a $265,000 land loan in the Bronx.
In general, land is financed more conservatively than a building because it produces no income, so lenders usually advance a smaller share of the value and focus on the plan: building, selling or refinancing. A clear plan and a realistic exit make a land loan easier to approve.
Property types
- Mixed use
- Multi-family
- Retail
- Office building
- Warehouse
- Industrial
- Self storage
- Assisted living
- Gas station / automotive
- Residential, non-owner occupied
- Land
Land and lots
Financing for land, like our $265,000 Bronx land loan.
Build next
Ground-up projects can move into a construction loan.
Speed
Term sheet in a few hours, funding within days.
From land to building
If you plan to build, our construction loans cover ground-up projects with interest-only payments during the construction timeframe and the option to convert to permanent financing at the certificate of occupancy. For ground-up deals, lenders generally look at your land equity, the budget, the plans and permits, your track record and the exit: a sale of units or a refinance.
Land can also be part of a bigger picture: a bridge loan to close quickly on a lot before the deadline, or a cash-out refinance on land you already own.
What to send
Tell us the location, the value, what you owe on it (if anything), and what you plan to do with it, with any plans, permits or zoning information you have. Request a term sheet, apply online, or call Shaya at 718.384.5974. Requests run from $100K to $100M.
Deals we funded
Questions
Related: construction loans, nyc, bridge loans, brooklyn, recent transactions, commercial real estate loans. More answers in why private lending, or see how it works and apply online.
Do you make land loans?
Yes. One listed example is a $265,000 land loan in the Bronx.
How are land loans different from building loans?
In general, land is financed more conservatively because it produces no income, so lenders usually advance a smaller share of the value and focus on the plan.
Can a land loan turn into a construction loan?
If you plan to build, our construction loans cover ground-up projects with interest-only payments during construction and the option to convert to permanent financing at the certificate of occupancy.
Where do you lend on land?
New York and New Jersey.
What do you need to quote a land loan?
The location, the value and what you plan to do with it: build, sell or refinance.
Buying land?
Send the location, the value and your plan. Term sheet in a few hours.