Land Loans – Hard Money Loans – Land Financing – Funding For Land

Nov. 24, 2008 - PRLog -- Excellent pricing and immediate capital available for land loans and hard money! Despite global economic woes and tightening or freezing of most private equity capital markets, financing for land loans and other hard money deals remains viable.  Financing for these types of collateral varies greatly.  Establishing a proven direct source to capital will save your clients substantial interest charges and fees.    

As a direct agent to a Fund, Marcus Savage of Private Capital Resource keeps extremely busy with his land transactions. “Everyone is looking to raise capital one way or another.  We are seeing a huge increase in land financing requests due to the capital markets and due to our aggressive pricing.  We are direct to a fund that is aggressively seeking quality land transactions.”  

When seeking land financing or hard money financing, terms can vary greatly. “Viable sources for land financing are diminishing extremely fast” says Marcus Savage. “You may find a source that state they can get the deal done, but they are going through a few other brokers to get to the money.  This will cost the principal significantly more interest, more fees, and more time.“

As a direct agent, Marcus Savage also saves his clients a tremendous amount of upfront fees.  “A real lender should not require significant upfront fees.  At most, a Broker’s Price Opinion is ordered to verify value.  There is not a lot of due diligence or work being performed.  This is simply a collateral loan.  If anyone is being told they need to submit 1-2% upfront fees, you are not dealing with a direct lender.”

Being direct to a Fund allows Marcus Savage to give principals seeking land financing requests terms similar to those outlined below:

Rate:      12%
Fees:       6%
LTV:      50% maximum
Term:      1 year interest only.  Extensions are negotiated.
Upfront Fees:   Little or none.  Broker’s Price Opinion typically ordered per parcel.
Prepayment:   Only .5% if paid off before 6 months.


For more information, please contact:

Marcus Savage
Managing Director

Private Capital Resource
Off: 800.505.4565
Fax: 925.406.0990
MSavage@PrivCapResource.com
www.PrivCapResource.com

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We specialize in the following types of financing: Hospitality, Land, Hard Money, and Marinas depending on the demographics of the area.