Land Loans
We provide hard money loans for land and vacant property in Texas and Florida. Our land loans are ideal for property ranging from a few hundred square feet up to large acreage purchases.
| Minimum Loan Amount | $2,000,000 |
| Maximum Loan Amount | $25,000,000+ |
| Interest Rate | 10% – 14% |
| Origination Fee | 2 to 6 Points |
| Term Length | 12 to 36 Months |
| Time to Close | 2 to 3 Weeks |
| Maximum LTV/LTC | 65% / 90% |
| Lien Position | 1st |
| Recourse | Flexible |
| Acceptable Markets | AZ CO GA HI NJ NY OR TX WA and Miami, FL |
| Minimum Personal FICO Score | None |
| Legal Fee Deposit | Required |
| Appraisal | Case-by-case |
PROPERY TYPES
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MGS Capital Group Inc. (MGCG) is a leading provider of hard money loans for land and vacant property in Texas and Florida. Our land loans are ideal for property ranging from a few hundred square feet up to large acreage purchases. We strive to provide you the service you need, including quick closing loans on property that government-backed lenders may not be able to assist you with.
What is Land loan for raw lands?
Many banks and government-backed lenders will not lend on raw, vacant land. Or, if they do lend for this property, strict guidelines prevent most borrowers from qualifying. The good news is that it is possible to utilize hard money loans so that if you can’t qualify for a land loan through a conventional lender, you can still purchase your property. A hard money or private money loan is an asset-backed loan where a borrower can receive financing secured on real estate (including raw land.) Because hard money loans are issued by private firms, it is possible for borrowers who would not otherwise qualify for lending to get the financing they need. Most of these loans are for a period of time ranging from one to three years–long enough to build on or update the property and begin earning income from it.
Why choose us?
It can sometimes be challenging to find lenders willing to work with land-based projects. However, MGS Capital Group Inc. (MGCG) is different. Land loans are one of the specialties of our firm. You will feel confident in the knowledge that our principals and executives have over 40 years of experience in real estate lending, giving us expertise in these deals. We work with borrowers nationwide and offer competitive rates for our land loans of 12 to 36 months.
We individually structure transactions to fit the specific needs of the borrower, we can offer lending options that are unique from other lenders. If you would like more information about hard money land loans or you want to talk to one of our loan experts, connect with us online or by phone at MGS Capital Group Inc. (MGCG) today.
Closing
We are easy to close with.
- Fill the ONLINE APPLICATION
- Acquisitions must be in a valid, duly signed purchase sales agreement. We are not able to review targeted deals.
- Download our summary intake form and send it to us with the items we require, both are at the bottom of each Lending page.
- Be available for questions regarding your loan request during our review.
- Terms issued quickly within 24-48 hours on simple deals and 3-5 days for complex transactions.
- A refundable expense deposit will be required for any necessary third-party reports and legal upon execution of terms.
- We may not require an appraisal, our decision is based on several factors.
- We typically do not require environmental reports or property condition analysis reports, unless there is a concern.
- Closings occur quickly after execution of terms, within 2 to 3 weeks.
If you would like more information about bridge loans or you want to talk to one of our loan experts, contact us at MGS Capital Group online or by phone. We are excited to help you grow.