Minimum Loan Amount | $2,000,000 |
Maximum Loan Amount | $25,000,000+ |
Interest Rate | 10.5% – 13.75% |
Origination Fee | 2 to 3 Points |
Term Length | 3 to 36 Months |
Time to Close | 2 to 3 Weeks |
Maximum LTV/ LTC | 65% / 80% |
Lien Position | 1st |
Recourse | Flexible |
Acceptable Markets | Texas and South Florida |
Minimum Personal FICO Score | None |
Legal Fee Deposit | Required |
Appraisal | Case-by-case |
PROPERTY TYPES
- Commercial Land
- Agricultural Land
- Residential Land
- Industrial Land
- Raw Land
- Appraisal / Broker Opinion
- Personal Financial Statement
- Survey / Plat map
- Operating Agreement / By-Laws
- Purchase Sales Agreement (acquisition)
- Settlement Statement (refinance)
RSC CONSULTING LLC 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.
WHY CHOOSE RSC CONSULTING LLC?
It can sometimes be challenging to find lenders willing to work with land-based projects. However, RSC CONSULTING LLC is different. Land loans are one of the specialties of our firm. You will feel confident in the knowledge that our principals and executives have over 40 years of experience in real estate lending, giving us expertise in these deals. We work with borrowers nationwide and offer competitive rates for our land loans of 12 to 36 months.
We individually structure transactions to fit the specific needs of the borrower, we can offer lending options that are unique from other lenders.
If you would like more information about hard money land loans or you want to talk to one of our loan experts, connect with us online or by phone at RSC CONSULTING LLC. today.