Land development

Land and lot loans for developers

We love land development deals. Financing for lots and land held for development, including land for single-family subdivisions.

Hillside land in Henderson overlooking the Las Vegas Valley

Who it’s for

  • Developers acquiring land for a planned project
  • Owners who need capital to entitle or improve land
  • Builders buying lots ahead of construction

What we look at

  • The land, zoning and entitlement status
  • Utilities, access and site work needed
  • Your equity or down payment
  • The development plan and exit

Loans from $50,000 to $35 million. Rates generally 9% to 14%, with most loans priced 12% to 14%, and typically 3 to 4 points. Loan-to-value and overall risk drive the rate and points.

Where we lend

Residential investment property in Nevada, including Las Vegas, Henderson, Pahrump, Mesquite and Reno, and in Arizona. Commercial property in Nevada, Arizona and many other states.

Business-purpose loans on investment and commercial property only. We do not offer owner-occupied or personal loans.

Loans we have funded

$3.5MLand acquisition and development for 1,200 lots, Pahrump

What to have ready

  • Purchase contract, or the current loan balance for a refinance
  • Property details and current photos
  • Scope of work and budget for any rehab or construction
  • LLC or entity documents for the borrowing entity
  • Recent bank statements showing your down payment or reserves
  • A government-issued ID for each signer

How it works

  1. 1

    Tell us about the deal

    Apply online or call. Share the property, the amount you need and your plan.

  2. 2

    Get terms

    A local loan officer reviews the property, your equity or down payment and your exit, then walks you through terms.

  3. 3

    Close through escrow

    Sign your documents and close through a title and escrow company.

  4. 4

    Servicing

    Your loan is serviced by a bonded and insured servicing company that collects payments and handles payoff figures.

Common questions

Do you lend on raw land?

Yes, depending on the location, the plan and your equity. Entitled land with utilities is the strongest case.

Can I move from a land loan into construction?

Yes. Many borrowers use a land loan first and a construction loan once plans and permits are ready.

Where do you lend on land?

Nevada and Arizona for residential land, and commercial land in Nevada and other states. Call to confirm your location.

Have a land development deal?

Talk with a local loan officer today. Se habla español.