Most commercial land loans require 35% to 50% down, depending on whether the land is entitled, partially entitled, or raw. Land with approved plans and zoning may qualify for higher leverage.
Yes. Raw land carries significantly higher risk due to zoning, entitlement, and development uncertainty. As a result, lenders apply more conservative leverage, pricing, and term structures compared to entitled land.
Most commercial land loans require full or partial recourse, especially for raw or unentitled land. Non-recourse options are typically limited to well-located, entitled parcels with strong borrower profiles.
Yes, but financing is more limited. Lenders generally require a clearly defined exit strategy, and leverage may be lower without a near-term development plan.
Commercial land loan closings typically take 45 to 75 days, depending on zoning review, environmental reports, surveys, and title complexity.
