Veristone has flexible terms, a streamlined application process, and decades of experience navigating land development.
As Pacific Northwest real estate experts, we offer unparalleled insights into trends and opportunities.
About Our Land Development & Horizontal Construction Loans
- No pre-payment penalties.
- Partially complete projects welcome.
- Cross collateralization available.
| Loan Type | Land Development Loan | Vertical Construction Loan |
|---|---|---|
| LOAN PURPOSE | Land development/horizontal work | Vertical construction projects |
| INTEREST RATE | From 10.99% | From 9.99% |
| LOAN AMOUNT | Up to $10MM | Up to $25MM |
| LOAN TERM | Up to 18 months | Up to 18 months, extensions available |
| BORROWER TYPE | Individual or entity | Individual or entity |
| EXPERIENCE | Preferred, but not required | Preferred, but not required |
| MAX LOAN-TO-COST (LTC) | Up to 60% | Up to 85% |
| MAX LOAN-TO-VALUE (LTV) | Up to 70% | Up to 75% |
| CONSTRUCTION FINANCING | Up to 100% of budget | Up to 100% of budget |
Financing from the Ground Up
Land development is a crucial first step for many exciting real estate projects.
But, it’s far from the end of the journey.
Versitone can expertly walk you through the whole process, all the way from ground acquisition to building competition.
How a Land Development & Horizontal Construction Loan Can Work for You
- We assist with construction when needed.
- We know local markets and permitting.
- We thoughtfully attend to every detail.
FIND OUT WHAT VERISTONE CAN DO FOR YOU
USE OUR LAND DEVELOPMENT & HORIZONTAL CONSTRUCTION LOAN CALCULATOR TO GET AN INSTANT QUOTE ON A LOAN TAILORED TO YOUR NEEDS
