Hard Money Loans

IGR Mortgage Services

 

Private Money Loans For Real Estate Investment, Commercial & Business Purposes

LOTS & LAND LOANS

Loans On Lots & Land In Oregon, Washington & California

IGR Mortgage Services can help borrowers obtain fast loans on several types of land. Obtaining a land loan from a bank can be a rigorous process, if at all. Because we use private funding sources, we can make fast underwriting decisions and can often overcome issues that cause most conventional lenders to decline applications. When you need a “go to” lender for your next lot or land loan scenario contact IGR Mortgage Services.

 

Call 503-504-2660 

888-732-9480 (National)

Lot & Land Loan Categories

IGR Mortgage Serviecs can help borrowers with these loan scenarios involving lots and land:

  • Full Service Lots 
  • Lot Banking 
  • Sub dividable Properties 
  • Commercial Pads
  • Agricultural Acreage
  • Lot Acquisition and Construction (all in one loan)

All In One Loan Program

The All-In-One Loan is a great option for builders and developers to finance the acquisition of the lot/land and the construction in one loan. It allows the builder to fund the lot acquisition, plans, building permits and construction all in one loan. Highlights:

  • Entitle Land Without Permits
  • Sub Dividable Properties
  • Loans Up To $10M
  • Term Up To 18 Months
  • Minimum 20% Lot Equity Required

LOANS ON LOTS & LAND – QUICK REFERNCE GUIDE

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Private funding sources, not banks.

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Any commercial property including apartments, office, strip center, retail, mixed-use, restaurants, medical/dental, mobile home parks, and others on case-by-case basis

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Borrow up to 70% of value (higher LTV on case-by-case basis)

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1st lien position only

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Loan term 6 months to 3 years

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Rates from 8% to 12% (determined by risk related to LTV, market, asset, equity & credit)

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Origination fees 2% to 6%

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Appraisals are usually required (some exceptions)

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Property vesting can be individual(s), corporation, partnership, LLC or trust

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Purpose can be construction, development, lot banking, refinance or purchase

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All loans underwritten on a case-by-case basis

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Closing in a few days, not a few months

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Low rates + lots of paperwork + appraisals + hassle + slow process = Bank Loan

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Higher rates + streamlined paperwork + fast decisions + quick close = Hard Money

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Mortgage and Real Estate News

IGR Mortgage Services

Hard Money & Non-QM Loans Providing Real Estate Loans Nationwide

IGR Mortgage Services has been providing investors with hard money loan options for over 30 years. We offer Fast & Affordable financing. for investors of every experience level. Call today to or send us your loan scenario to review! 

Call 503-504-2660

888-732-9480 National