Realizing Developers Plan and Vision thru Capital Accessibility on Development Projects
Wilshire Commercial Partners works hand in hand with commercial land developers, general contractors and investors. Our consultative assessment of land development and construction financing needs allow us to develop and maintain long term client relationships.
We adhere to responsible financing and sound investment planning. Programs are uniquely structured and designed for special situations where the borrower needs to have a negotiating leverage over time and capital.
We determine the needs of our individual clients and discuss different financing options to maximize investment return. We allow our clients to leverage private financing to achieve project development objectives and deliver the most reliable and efficient method of securing capital.
Private Financing as a Primary source for Commercial Land Acquisition and Development Projects
- Acquisition and Refinance
- Commercial, Investment Properties
- 50-65% AS IS Land Value or Quick Sale Value
- Mixed Use, Retail, Shopping Center
- Apartment, MultiFamily, Office Building
- Planned Unit Development, Subdivision
- Warehouse, Industrial, Storage Facility
- 70%LTV Construction (Future Value)
- Licensed Contractor, insured, bonded
- Developer(s) credentials and experience
- Cash injection and financial strength
- Strong Exit Repayment Plan
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Residential Land: Rural House, Acreage, Home Site, Farm, Agricultural
Residential land financing available for owner occupancy, rural home, or has intent to build future home. Full time farm-agricultural land must qualify based on annual production gross sales as reported on business tax returns.
Residential land loan 50-90% Loan to Value
640-700+ mid credit score
Full income documentation required
Loan amount up to $350,000 (rural home)
15 year, 30 year fixed, variable program available
Home value must be 50% higher than land value
First lien position only
Manufactured home is allowed
Commercial Farm up to 70% Loan to Value
660+ mid credit score
Tax returns and Financial statements are required
Minimum farm gross income $5,000
Qualified farm operations:
Plantation, Row crop, Livestock, Ranch
Private financing available at 50% loan to value for residential land for credit between 620-640. |
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