Land Loan 5 day close for unentitled land acquisition and entitlement Commercial Mortgage Broker Financial Compound arranged a 65% of all-in-cost unentitled land loan for acquisition and entitlement for an infill 10 acre residential project. A tentative tract map is expected six months post-closing that would allow for 150 town homes. In addition to the...Read More
Commercial Mortgage Broker arranges Cutting Edge Land Loan Commercial mortgage broker Financial Compound arranged a $20 million land loan for acquisition and entitlement for 4,000 acres of land in southern California. The borrower intends to divide this raw land into approximately 450 home sites and a large commercial pad for a hotel, and views this...Read More