Commercial Lot/Land Loans

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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 $35,000 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: $450

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.