Primary Requirement: Must have plans to improve the land, sell lots or develop.
Option #1. Land Acquisition and Improvement
Option #2. Acquisition and Development Projects
Clients typically pay off the land acquisitions loans via development financing or lot sales.
Contact us today or complete the attached simplified Funding Request Form with the pertinent information if you wish to proceed toward 100%LTC financing (up to 80% of future/improved value or 80% of bulk sale value) for your land acquisitions and improvements or developments.
For Application or to submit your Executive Summary, please call 1(470) 729-0351 or email firstname.lastname@example.org.
Hi Are the both two options just for commercial use only? not residential?
If I acquire lot and develop a couple residential houses, will it residential or commercial? does it qualify for the loan?
Hello. The purchase of land is a commercial transaction which qualifies for the land acquisition financing.
The loans are based primarily on development as exit strategy or lot sales.
It does not matter what is built on the land.
What matters is that the land loan can be paid off by the sales of the properties built.
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Legacy Ventures Group
I sent you a couple of emails but have not, thus far, heard back from you.
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