Land Development Financing
We arrange commercial financing for a wide variety of commercial land developments including residential subdivisions, industrial sites, and recreational areas. Financing for raw land is available to service your land parcel or property with utilities and infrastructure.
Commercial Land Development Financing
We provide commercial real estate financing to take land development from the acquisition stage through the subdivision development process. Land bank financing is generally available up to 50% of the cost of the land, and servicing loans for both residential and commercial industrial lots are funded on a cost-to-complete basis in the area of 60% – 85% of total cost, depending on the type and location of the lots, and the level of pre-sales relative to liquidation point. Our large network of commercial lenders allows us to consider land development projects in nearly any location across Canada.
Our commercial land development programs provide borrowers with fast flexible financing options with low rates and flexible financing features. We provide the financing you need to service your land parcel or property with utilities and infrastructure including paving roads, installing curbs, and ready your property to sell, or to begin the construction of your future business.
Property Types
- Residential Developments
- Industrial Sites
- Recreational Areas
- Parking Lots and Stations
- Golf Courses
Lending Options
- Deal Type: Purchase, Construction, Bridge
Transaction Size: $500,000 and Up
- Term: Up to 20 years
Amortization: Up to 30 years
- Loan to Value: Maximum 50%
- Interest Rates: Fixed Rates as low as 5.95%
Debt Service Ratio: 1.25x
Rates and terms can change without notice. All transactions are subject to underwriting and written approval.