Land Development Financing
Arranging construction financing Because this stage is the riskiest, pre-development work is usually financed by the project sponsor In commercial real estate, the sponsor is an individual or company in charge of finding, acquiring and managing the real estate property on behalf of the partnership.
A land development loan finances the improvements needed to convert raw land into construction-ready building sites. Unlike other acquisition, development or construction loans, the term of debt is much longer when working with raw land.
Direct understands that the purchase and commercial land development of real estate can be a daunting experience, and acquiring financing for it should not.