Commercial Lot / Land Loan

Commercial Lot / Land Loan – Finance Your Commercial Land Purchase

Pre-Qualify (Consumer Use Only)
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For a Rate and Fees quote call

800-390-7536

PRE QUALIFY NOW (Consumer Use Only)
Need to acquire land for a future commercial project? Normandy’s commercial land loan program provides commercial land financing for borrowers looking to purchase or refinance a commercial lot. Whether you’re securing land for retail, office, industrial, or commercial development, our commercial property lot loan keeps your deal moving.
This is a business-purpose loan designed to purchase a commercial lot or refinance a current commercial real estate land loan. Commercial lots must be eligible for present or future commercial construction. Construction financing is also available — so Normandy can support your project from land purchase through to build completion. Entitlements and zoning impact the loan-to-value considered, so call for a full program review.

Rates and Fees

  • Rates:  Prime Rate plus 2.50% to 4.50%+
  • Loan Fees: 1.25% to 1.75%+
  • Application Fee: $650
  • Fast Track Closing Fee: $1,250
  • Underwriting Fee: $495

General Guidelines*

  • Loan amounts from $50,000 to $2,000,000
  • Loan amounts from 50% to 60% of the purchase price.  If entitlements are not in place on the land, loan amounts can be less than 50% of the purchase price or value.  Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts.
  • Foreign Nationals are eligible for this program
  • Deal directly with the Loan Officer/Underwriter
  • Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met)
  • Interest only payments
  • No minimum acreage requirement or maximum limitations
  • Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
  • Commercial zoned land with entitlements or multi-family 5+ units.
  • Limited income documentation available at 40% loan to value or less
  • Up to a 5 year term
    *All rates and terms subject to change without notice

Loans Available in the Following States

  1. AK
  2. AL
  3. AR
  4. CA
  5. CO
  6. CT
  7. DE
  8. FL
  9. GA
  10. HI
  11. IA
  12. ID
  13. IN
  14. KS
  15. KY
  16. MA
  17. MD
  18. ME
  19. MI
  20. MO
  21. MS
  22. MT
  23. NC
  24. NE
  25. NH
  26. NJ
  27. NM
  28. NY
  29. OH
  30. OK
  31. OR
  32. PA
  33. RI
  34. SC
  35. SD
  36. TN
  37. UT
  38. VA
  39. WA
  40. WV
  41. WY

Frequently Asked Questions

Commercial Lot / Land Loans

What is a commercial land loan?
A commercial land loan is short-term financing to purchase or refinance a lot zoned for commercial use — including retail, office, industrial, warehouse, and multi-family (5+ unit) development sites. It’s a business-purpose loan, not a consumer mortgage.
Not necessarily, but entitlements do affect the LTV. If entitlements are not in place, loan amounts may be less than 50% of purchase price. Commercial land financing with entitlements in place can qualify for higher LTVs.
Yes. Normandy’s commercial real estate land loan program covers both purchases and refinances of existing commercial land debt.
No minimum acreage requirement and no maximum limitations — Normandy evaluates each commercial property lot loan based on the full property and borrower profile.
Up to a 5-year term is available on commercial development financing loans. Interest-only payments apply throughout the term.

For a Rate and Fees quote call

800-390-7536

Commercial Lot/Land Loans

This program is designed to provide a business loan to purchase a commercial lot or refinance a current commercial lot loan. Commercial lots must be eligible for present or future commercial construction. Construction financing is also available.

 

PRE QUALIFY NOW
(Consumer Use Only)

General Guidelines*

  • Loan amounts from $50,000 to $2,000,000
  • Loan amounts from 50% to 60% of the purchase price.  If entitlements are not in place on the land, loan amounts can be less than 50% of the purchase price or value.  Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts.
  • Foreign Nationals are eligible for this program
  • Deal directly with the Loan Officer/Underwriter
  • Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met)
  • Interest only payments
  • No minimum acreage requirement or maximum limitations
  • Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
  • Commercial zoned land with entitlements or multi-family 5+ units.
  • Limited income documentation available at 40% loan to value or less
  • Up to a 5 year term
    *All rates and terms subject to change without notice

Rates and Fees

  • Rates:  Prime Rate plus 2.50% to 4.50%+
  • Loan Fees: 1.25% to 1.75%+
  • Application Fee: $650
  • Fast Track Closing Fee: $1,250
  • Underwriting Fee: $495

Loans available in the following states: AK, AL, AR, CA, CO, CT, DE, FL, GA, HI, IA, ID, IN, KS, KY, MA, MD, ME, MI, MO, MS, MT, NC, NE, NJ, NM, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WY

Draw Request Submitted

Thank you for requesting a draw.  You will receive an email or call confirming your draw request has been received within 1 business day.  If you do not receive confirmation, please contact our office at 800-390-7536.  Please notify us of any changes you wish to make to your request.  

Normandy Corporation

Thank you for scheduling your payment.  You should receive an email confirmation of payment within 1 business day.  If you do not receive a confirmation email within 1 business day, please call our office to confirm at 800-390-7536.