City Spotlight- Nashville: Beyond the Bachelorette
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Acquisition and development financing for entitled and raw land parcels
Land financing requires specialized lenders who understand development risk and entitlement processes. George Smith Partners connects developers with capital sources for land acquisition, horizontal development, and infrastructure financing.
Whether you're acquiring entitled parcels ready for vertical construction or pursuing longer-term land banking strategies, our team identifies lenders whose appetite aligns with your timeline and risk profile.
Financing for shovel-ready parcels with approved entitlements and permits.
Capital for infrastructure, grading, and lot development for residential communities.
Longer-term financing for strategic land positions awaiting development timing.
Capital for entitlement pursuit, environmental remediation, and site preparation.
Financing structures for phased lot purchases from master developers.
Capital for acquiring multiple parcels to create larger development sites.
Lenders finance a range of land types including entitled parcels with approved permits, raw land targeted for future development, and partially improved sites with infrastructure in place. The availability and terms of financing depend heavily on the entitlement status, zoning, and the borrower's development plan and track record.
Land produces no income on its own, which means lenders cannot underwrite cash flow to service the debt. This makes land loans inherently riskier, resulting in lower leverage, higher interest rates, and greater scrutiny of the sponsor's experience, equity contribution, and exit strategy compared to income-producing property loans.
Land loans typically range from 50% to 65% loan-to-value, depending on the entitlement status and development readiness of the parcel. Entitled, shovel-ready sites generally qualify for higher leverage than raw or unentitled land. Lenders may also structure loans based on loan-to-cost for horizontal development and infrastructure improvements.
Land banking involves acquiring and holding parcels as a long-term strategic position, typically with lower-leverage loans and longer hold periods. Land development financing provides capital for active horizontal improvements such as grading, utilities, roads, and lot creation to prepare a site for vertical construction.
Our team can help you secure financing for your development site.
Discuss Your Land Financing