Commercial Mortgage Loans, a division of Ocean Pacific Capital, has been in the commercial real estate finance business since 1977. We extensive experience in the area of raw land finance. If you are a raw land owner or developer we can tailor a loan to match your specific needs unique to your raw land property.

Raw Land Loans are an agreement in which a lender (usually a bank) gives money to a business who is performing a Raw Land Development Project. The business agrees to repay the money with interest, at some future point in time. Raw Land Loans are very flexible and comes in a variety of terms to meet your specific needs. Money issued for Raw Land Loans are usually distributed in increments as the Raw Land Development Project meets certain milestones.

Hard money loans for raw land are a little different than obtaining hard money for improved real estate. Raw land can be collateralized at a rate of about 50% LTV (loan to value). Improved commercial properties command 65% or even 70% LTV loans in some instances. When determining "value" in "loan to value", for either type of property - improved or raw land, the following rules apply:

Purchase of a property: 'value' = the purchase price of the property

Refinance of a property: 'value' = the purchase price of the property until the property has been owned for at least one year or significant capital improvements have been added to the property

Refinance after 1 year: 'value' = value per a written real estate (not business) appraisal of the property

Hard money loans for raw land are commercial loans. Rates and points range from 10% to more than double that figure, depending on the lender and the property assets. The most advantageous raw land is an urban or suburban lot with clear building or usage prospects. Proceeds from raw land loans can be used to develop the land or any other business purpose, including the purchase of additional land.

If you are purchasing raw land and require a hard money loan to do so, expect to be able to collateralize a subject property with reasonable prospects at 50% LTV. If you require more cash to make the purchase, consider collateralizing additional raw land or improved real estate properties to make up the shortfall. Hard money lenders will want you to have at least 20% equity in the project in order to fund your loan. Collateralizing additional real estate can often satisfy this requirement.

We are here to help you get the raw land financing you need so badly. Raw land owners would like to borrow on the land. Often funds are needed to purchase a parcel of undeveloped land. Nearly all building and development begins with the purchase of raw land.

In the current market environment, many lending sources will not make loans on raw, undeveloped land. Our team's programs will enable you to buy or refinance raw land. Conventional lending sources such as banks, savings and loans, pension funds etc. often are not interested lending on land.

Our alternative lending sources have much expertise in the evaluation and financing of raw, undeveloped land. We will work to get you the highest possible Loan-to-Value ratio on your land collateral.

We provide customized shopping center loan solutions for all kinds of investors nationwide. Whatever your objective- we can help you structure the loan that meets your needs.

Our success is measured by our clients' success, and our mission is to be your source for the most appropriate - and advantageous - financing solution that helps you achieve your goals.

Make us a part of your finance team. Submit your confidential loan request here for quick review, or call our executive team directly in at 1-800-595-1474.