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Land Development |
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Primeau's area of expertise is in commercial land development, rehab
projects, refinancing & cash-out. Each transaction is viewed on a
“case by case” and is subject to review of the entitlements, capital
infusion, and geographical region. With these issues satisfied,
transactions can close quickly. Most of Primeau Funding’s short-term
funding for development loans are non-recourse with no pre-payment
penalty or exit fee and terms up to 3-years, more in some cases.
Banks have strict underwriting guidelines such as borrower’s credit,
ltv, and real estate value. Good transactions often don’t get funded
by banks, mainly due to current market changes along with scrutiny
of bank underwriting criteria. With private capital there is much
more flexibility to evaluate commercial land development
transactions based on their own merits. Commercial land development
loans typically range from $1M on up. Residential land development
loans are reviewed on a case by case basis. Getting you competitive
rates and terms are our prime objectives.
Please complete the following documents:
1. Loan Profile
2. Personal Net Worth Statement
3. 1-3 Page Detailed Executive Summary
Loans@PrimeauFunding.com Phone: 480.832.1616 or
Toll-Free: 800.473.3100
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"WAREHOUSE LINE "
Mortgage Warehouse Line
"NEW MARKET REPORTS"
PRIMEAU FINANCES:
Golf Courses
Shopping Centers
Self-Storage Units
Apartment Buildings
Construction
Office Buildings
Gas Stations
Refinance
Restaurants
Funeral Homes
Hotels/Motels
Mobile Home Parks
Retail Stores
Car Washes
Automotive Services
Mixed-Use Buildings
Marinas
Auto Dealerships
Retail
Shopping Malls
Raw Land
Bed & Breakfast
Assisted Living
Condotels
Parking Structures
Condominiums
Light Industrial & Warehouses
Other Income Producing Properties
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