California Land Loans -- Financing California Land Loan

Looking for a competitive California land loan? With a wealth of experience financing California land loans, Coastal La Jolla Funding is a respected leader in acquiring financing for people with less-than-perfect financial situations. Coastal La Jolla Funding offers California land loans at the best rates available to help our borrowers acquire a fair and competitive California land loan. We have a professional team of hard money lenders located in La Jolla, California, prepared to work for you. We quote only the most competitive California land loan rates for California and Florida California land loans, helping you to make the best loan decision possible. If you need advise or help with a California land loan, don't hesitate to make the call to our San Diego based office.
Coastal La Jolla specializes in:
• Hard money loans
• California Hard money loans
• California commercial California land loans
• Real estate California land loans
• Business California land loans
• Hard money construction loans
• California subprime loans
• California residential California land loans

California Land Loan Definition:

Land loans are loans that are made against existing mortgages of land. Land loans can be used for building residential or commercial units.

Why would someone take out a land loan?

A land loan would be used to buy land or settle loans used in buying land or use part of the loan for other non-housing purposes.

For our land loans, CLJF normally lends up to 50% of the land value. Land loans can be considered start-up loans that are usually used to start-up construction. We can loan on raw land but as the process goes, the next step is entitlements and permits and then the construction begins. Usually construction begins after all the land is entitled and all permits are secured. As construction begins the value of the land increases and now the developer can qualify for a larger loan based on approximately 70% of the value. Usually the value of land loan is based on the"as is value" and then the sell off value which is used in case the borrower defaults and the investor wants to cash in the land. The security for the loan is always the value of the land and that means the investor will hold the note or 1st trust deed to the land. There are certain situations where we can secure 2nd trust deeds, again based on loan to value.

Land Loan Repayment:

Our loan loan repayments normally run up to 20 years, but if you are below the age of 30 years you can go up to a 25 year term; keeping the monthly payment really low. Interest rates on our standard land loan products is variable and individual loans are quoted either at a discount or premium to our base lending rate. The discounts and premiums primarily depend on land loan purpose and security coverage.

If you would like to apply for a land loan through Coastal La Jolla Funding, click on our land loan application.

CALIFORNIA LAND LOAN DISCLAIMER

Note: Coastal L.A. Jolla Funding is a California land loan lender and Florida land loan lender that funds California land loans, bridge loans and commercial California land loans within California and Florida. We specialize in bridge loans, acquisitions loans, development loans, hard money real estate loans, constructions loans, refinance loans, direct California land loans, subprime loans and hard money mortgage loans. As both a hard money lender and a subprime lender, the material on this web site covers a variety of topics on hard money real estate loans and mortgage banking and is for informational purposes only. The information on our California land loan lender website is inherently limited in scope, may change without notice, and does not contain all of the applicable terms, conditions, limitations and exclusions of the products and services described herein. Coastal La Jolla Funding services the following types of land loans: California land loans, commercial California land loans, private California land loans, and financing California land loans.