This land acquisition deal came through a broker that we work with frequently. Knowing that this was a time sensitive deal, Capital Fund I worked fast to underwrite in house and offer a quote for a land loan, and we closed this deal after 4 days of receiving the request.
Land is often seen as a risky property type to lend on, making it difficult to get a loan from a traditional bank as opposed to a private money lender. That’s when Capital Fund I comes into play and we are able to provide financing for land acquisition and bridge the gap in time, until they are ready to develop the site into a car wash.
Capital Fund I, LLC provides financing for a variety of properties, ranging from residential, commercial, construction, and land acquisition and development. As a direct private money lender, Capital Fund I is able to perform each step of the loan process in-house including loan origination, underwriting, and servicing. Our team is always ready to answer any questions you have along the way.
If you’re preparing your next real estate investment give us a call and learn about how we can help you succeed.
Loan Amount: $1,000,000
Interest Rate: 12.5%
Loan Term: 12 Months
Loan Type: Land Loan
Size: 2.8 Acres (122,128 Sq. Ft.)
Asset Type: Commercial Land and Lots