Don't Miss a Fact,
Sign Up for FINfacts!

FINfacts is a weekly newsletter highlighting recent financings and economic insights.

Subscribe Here

Quick Close, Non-Recourse Land Financing

George Smith Partners has identified a capital provider financing high-leverage, non-recourse land loans. Floating rate pricing starts at SOFR+8% with the ability to close in less than 30 days. This lender is competitive in special situations and opportunistic projects and will upsize current land loans if the borrower has increased the value of the parcel during their ownership. This portfolio lender recently funded 100% of actual costs due to substantial value created during the pre-development cycle. Basing proceeds off the property’s present value, loan sizes range from $20,000,000 – $250,000,000 for transactions nationwide.