Trousdale Hard Money LLC's Land Acquisition financing provides developers and builders with the capital needed to secure prime properties for future construction projects. Our specialized land loans are designed to help you purchase undeveloped or raw land, giving you the competitive advantage to act quickly when promising opportunities arise in the market.
We understand that securing the right property is the first critical step in any successful development project. Our land acquisition financing offers flexible terms, competitive rates, and expert guidance to help you navigate the complexities of land purchasing, including zoning considerations, environmental assessments, and development potential analysis.
To qualify for our Land Acquisition financing, we require comprehensive documentation that demonstrates the property's development potential and your ability to execute the project successfully. Our team will guide you through the specific requirements for land purchases.
We finance various types of land properties including raw land, undeveloped parcels, partially improved lots, and land with existing structures slated for redevelopment. This includes residential lots, commercial sites, agricultural land with development potential, and mixed-use properties. Each property is evaluated based on its zoning classification, development feasibility, access to utilities, environmental considerations, and market demand in the area. We work with you to assess the property's potential and ensure it aligns with your development goals.
Land acquisition financing is specifically designed for purchasing property, while construction loans fund the actual building process. Land loans typically have shorter terms (1-3 years), may require larger down payments (20-30%), and often have slightly higher interest rates due to the higher risk associated with undeveloped land. The key difference is that land loans focus on the property's purchase and holding costs until construction begins, while construction loans disburse funds based on building progress. Many of our land loans can seamlessly convert to construction financing when you're ready to build.
Loan-to-value (LTV) ratios for land acquisition typically range from 65% to 75% for raw land and 75% to 85% for improved or partially developed parcels. The exact LTV depends on factors such as the property's location, zoning readiness, utility access, environmental conditions, and your development experience. We conduct a thorough appraisal and feasibility analysis to determine the appropriate loan amount. Higher LTV ratios may be available for properties with approved development plans, existing infrastructure, or strong market demand in established areas.
