Land Development Loan

Land Development Loan – Property Development & Subdivision Financing

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)
Ready to develop raw land into a residential or commercial subdivision? Normandy’s land development loan program provides property development financing for experienced developers looking to purchase and improve unimproved land. Whether you’re platting a residential subdivision, installing infrastructure, or preparing land for vertical construction, our real estate development loan is structured around how developers actually work.
This is a business-purpose developer land financing program for borrowers with a minimum of 2 years of development experience. Our raw land development loan covers the purchase and/or improvement of unimproved land — from entitlement through site preparation. Construction financing is also available once the site is ready to build. With loan amounts up to $2,500,000 and fast-track closings available, Normandy’s subdivision development loan keeps your timeline and pipeline on track.

Rates and Fees

(Based on credit score, income, savings and LTV)

  • Rates:  Prime Rate plus 2.50% to 4.50%+
  • Loan Fee: 1.25% to 1.75%+
  • Application Fee: $650 (Inspection fee may apply)
  • Fast Track Closing Fee: $1,250
  • Underwriting Fee: $450

General Guidelines*

  • Loan Amounts: $100,000 to $2,500,000
  • Loan to Value: Up to 50% of appraised value, not to exceed 70% loan to cost
  • Land purchase up to 55% of the purchase price. Cross collateralization allowed on other properties, if needed, for maximum loan amounts.
  • Term up to 3 years available
  • Loans available to qualified Developers with no less than 2 years experience
  • 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)
  • Foreign Nationals are eligible for this program
  • Deal Directly with Loan Officer/Underwriter
  • Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
    *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

Land Development Loans

What is a land development loan?
A land development loan is financing to purchase and/or improve raw, unimproved land for a residential or commercial subdivision. It covers site work, infrastructure, and land preparation — not vertical construction (which requires a separate construction loan).
Yes. Normandy’s property development financing program requires a minimum of 2 years of developer experience. This ensures the borrower can manage the complexities of a raw land development loan project.
Up to 50% of appraised value, not to exceed 70% of loan-to-cost. Land purchases are funded up to 55% of purchase price. Cross collateralization on other properties can help achieve higher loan amounts.
Yes. Normandy’s subdivision development loan can cover both the purchase of raw land and the cost of site improvements in a single loan — simplifying your real estate development loan structure.
Rates start at Prime plus 2.50% to 4.50%+. Loan fees range from 1.25% to 1.75%+. Application fee is $650. All rates and terms subject to change without notice.

For a Rate and Fees quote call

800-390-7536

Land Development Loan

This program is designed to provide a business loan to purchase and/or develop unimproved raw land for a residential or commercial subdivision. Construction financing is also available.

 

PRE QUALIFY NOW
(Consumer Use Only)

General Guidelines*

  • Loan Amounts: $100,000 to $2,500,000
  • Loan to Value: Up to 50% of appraised value, not to exceed 70% loan to cost
  • Land purchase up to 55% of the purchase price. Cross collateralization allowed on other properties, if needed, for maximum loan amounts.
  • Term up to 3 years available
  • Loans available to qualified Developers with no less than 2 years experience
  • 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)
  • Foreign Nationals are eligible for this program
  • Deal Directly with Loan Officer/Underwriter
  • Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
    *All rates and terms subject to change without notice

Rates and Fees 
(Based on credit score, income, savings and LTV)

  • Rates:  Prime Rate plus 2.50% to 4.50%+
  • Loan Fee: 1.25% to 1.75%+
  • Application Fee: $650 (Inspection fee may apply)
  • 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.