Land Loan
A land loan – sometimes referred to as a lot loan – is used to finance the purchase of a plot of land. You can take out a land loan if you're interested in buying a piece of land to build a home or to utilize for business purposes.
Loan amount $100K up
12 months bridge
Min credit score 650
Up to 50% LTV for raw land
Up to 75% LTV for developed land
Document needed: Application; Two months' bank statement; Corporate Entity Documents; Real estate track record; and Two years of business or personal tax return