Loans are available for purchase or improvements of undeveloped land across the country. Since undeveloped property has a lower return to the amount invested, lenders are usually more conservative and strict when it comes to raw land loans. Accordingly, these loans tend to be completed with high interest rates and large down payments. Although, vacant land near homes and businesses will have offrs of just twenty-percent down in some parts of the country.
Fortunately, lenders understand that every loan is unique with its own attributes and as a result underwriting approval of the file is analyzed the right way with some projections of investment returns.
There are numerous resources to secure your financing needs for Industrial Properties.