LOAN TERMS FOR LAND LOANS
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Loan Amount:
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From $50,000 up to $500,000 (higher with exception)
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Property Type:
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Residential improved lots and entitled commercial lots
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Term:
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6 – 24 months
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Interest Rate:
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Starting at 11.99%
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Payments:
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Interest Only or 40 year amortization
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Points:
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Starting at 3 points
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Loan to Value:
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Up to 60% LTV
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FICO:
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No minimum FICO score
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Lien Position:
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1st position only
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Location:
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City of Los Angeles only
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Closings:
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As fast as 10-14 days
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