Commercial Lot / Land Loan
Commercial Lot / Land Loan – Finance Your Commercial Land Purchase
For a Rate and Fees quote call
800-390-7536
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.
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 $2,500,000
- 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
- Alaska (AK)
- Alabama (AL)
- Arkansas (AR)
- California (CA)
- Colorado (CO)
- Connecticut (CT)
- Delaware (DE)
- Florida (FL)
- Georgia (GA)
- Hawaii (HI)
- Iowa (IA)
- Idaho (ID)
- Indiana (IN)
- Kansas (KS)
- Kentucky (KY)
- Massachusetts (MA)
- Maryland (MD)
- Maine (ME)
- Michigan (MI)
- Missouri (MO)
- Mississippi (MS)
- Montana (MT)
- North Carolina (NC)
- Nebraska (NE)
- New Hampshire (NH)
- New Jersey (NJ)
- New Mexico (NM)
- New York (NY)
- Ohio (OH)
- Oklahoma (OK)
- Oregon (OR)
- Pennsylvania (PA)
- Rhode Island (RI)
- South Carolina (SC)
- South Dakota (SD)
- Tennessee (TN)
- Utah (UT)
- Virginia (VA)
- Washington (WA)
- West Virginia (WV)
- Wyoming (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.
Does the land need entitlements to qualify?
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.
Can I refinance an existing commercial lot loan?
Yes. Normandy’s commercial real estate land loan program covers both purchases and refinances of existing commercial land debt.
Is there a maximum lot size?
No minimum acreage requirement and no maximum limitations — Normandy evaluates each commercial property lot loan based on the full property and borrower profile.
What are the loan terms available?
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.
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