Land Loans - Nationwide- Edward Voccola & Co. LLC- -, Partner buy-out, Raw Land, 5-10 Day Close, Alt Cap-Pro Cap, no-upfront fees

Edward Voccola, LLM

100% Project Funding Private & Joint Venture Equity, 144a Bond Funding, Construction, Hotels,Bridge ,Multifamily Loans

Published Nov 20, 2019

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LAND LOANS

LOOKING FOR A LAND LOAN? SOFT COSTS? BUILD ABLE LOTS

Most lenders offer 25ltv for raw land which is not so great, we can do 50%, On build able lots , we can do up to 65% and with and we can go up to 100% with a blanket or seller seconds.

Here are basic questions for land loan/construction

When did you acquire the property ?
What entity took title ?
How much did you pay ?
What is Parcel # ? We need information to find property online.
Do you have closing statement from purchase ?
Cost breakdown of improvements ?
Is the property free and clear ? If not we need mortgage information on current financing.
Current Entitlements ?
PFS

Refinance

What is the address of the property

2. Who is our Borrower/Borrowing Entity ?

3. When did they purchase the property?

4. How much did they purchase the property for ? Are the acquisition parameters easily available online ?

5. Please attach appraisal or internet link to subject property for review ( Zillow, Trulia, Redfin, Loopnet, Local Public records et

Purchase

What is the address of the property
Who is our Borrower/Borrowing Entity ?
Purchase Contract ?
PFS or Application ? Does it show that our borrower will have the liquidity to be able to buy this property ?
Please attach appraisal or internet link to subject property for review ( Zillow, Trulia, Redfin, Loopnet, Local Public records etc

If you are interested in a 8-12% land loan for 6-36 months please email me at EdwardVovccola@Gmail.com or call me direct

at 617-233-5555 or 646-342-4963

About Edward Voccola & Co. LLC- Edward Voccola, LLM

Edward Voccola & Co. LLC is a Boston -New York City-based real estate Funding firm focused on debt and equity investment strategies. Founded in 2001, EVO focuses on multifamily, retail, office, industrial and hotel sectors. The firm primarily serves client funding needs in the United States, Canada, Latin America, UK , EU countries, Caribbean island utilizing a global investor base consisting of corporate and public pension funds, sovereign wealth funds, university endowments, foundations, fund of funds, family offices, and high net worth individuals. EVO is across all real estate investment, development, and property management disciplines. Debt strategies include construction and acquisition lending, special situation financing and debt acquisitions; equity real estate strategies include opportunistic and value-add investments business funding as well as ground-up development. Among other industry recognitions, EVO has been named to the Top 10 Commercial Real Estate Funders prestigious “Top 10” list of Nationwide real estate players and is consistently cited as one of the industry’s top construction , acquisition , and development funders.

For Further Information , please contact Edward Voccola, LLM at 617-233-5555 or 646-342-4963, or EMAIL EdwardVoccola@Gmail.com

We do all sorts of land loans for your bridge financing. We look at land loans nationwide. Here are some brief descriptions of the land loan programs we have. First your have to decide what you would use the loan for. Whether it is a purchase, refinance or cash-out for land we can help.

Raw Land

This is for when you need to get land for a possible future development. Whether it be for a full-time commercial farm or a part-time hobby farm. Here are some of the terms.

Rates start at 2.9% and up
Have interest only options
No pre-payment penalties
Flexible payment dates
Land can be rural or suburban
Minimum size is generally 5 acres
For hobby farm it can produce income or just be for fun
Up to 30 year Fixed Rate, Or up to 10 year Adjustable Rate

Commercial Land

Available regardless of stage of development. Raw land, Commercial un-entitled land, entitled land, PUD and mixed use are accepted. Here are some of the terms.

No Documentation available or Alternative Documentation
Cross Collateralization
Interest Only options
Terms from 12 months – 36 months
6%-13%
Up to 50% LTV
Loans from $500,000 to $20,000,000
Closes within 3 weeks usually
No minimum credit score

Residential/Subdivision Development

For developing multiple single family residences or purchasing land to develop into multiple residences. Some examples of properties would be a residential subdivision, raw land, un-entitled land, entitled land, PUD, mixed use developments, vacant land, paper lots and tax increment financing (TIFS). Here are some of the terms.

Loan Types: Purchase, Refinance, Cash-out, Foreclosure Prevention, DPO, Bank Work out, and Stalled Residential subdivisions
Interest Only options
Terms from 12 months – 36 months
6%-13%
Up to 50% LTV
Loans from $500,000 to $20,000,000
Closes within 3 weeks usually
No minimum credit score

Hard Money Land Loan

For many different types of properties. Some examples are raw land, un-entitled land, entitled land, PUD, mixed use and vacant land. Most important thing we need to know is what the exit strategy is.

Loan Types: Purchase, Refinance, Cash-out, Foreclosure Prevention, DPO, Bank Work out, and Stalled Residential subdivisions
Interest Only options
Terms from 12 months – 36 months
6%-13%
Up to 50% LTV
Loans from $100,000 to $100,000,000
Closes within 3 weeks usually

Minimum loan amount is $100,000 and maximum loan amount is $100,000,000.

Contact us at 617-233=5555, 646-342-4963, contact EdwardVoccola@Gmail.com, to see if we can help you with your land loan, www.EdwardVoccolaLLC.com

Call Edward Voccola, LLM at 617.233.5555, 646.342.4963, EMAIL: EdwardVoccola@Gmail.com

EVO is a privately held national funding firm specializing in all aspects of the capital stack. Many of our funding options are fast, flexible and reliable. Our process is designed to be simple and efficient. This includes an expedited approval process, ability to close quickly and most importantly, certainty of execution. EVO Capital’s lending loan programs offers competitive terms with a high degree of flexibility, which allows us to structure loans creatively and provides our borrowers with a broader offering of financing options. We lend on all property types including specialty assets. In addition, we are not confined geographically, as we have the ability to lend in all 50 states — primary, secondary and tertiary markets. As a Funder, all of EVO'c loans or equity are underwritten and processed Quickly . We value and develop productive relationships with our clients to provide innovative lending strategies that best suit our borrowers’ needs. Efficient Process, Reliable Execution • Acquisitions • Refinance / Pay-Downs • Redevelopment / Renovation • Pre-Stabilized / Lease-Up • Ground Lease Buy-Out • Recapitalization • TI’s / Build-Outs • Quick Close • Sponsor Credit Concerns • Partner Buy-Out • Properties with Cannabis Use • Cancelled Bank / CMBS • Re-Traded Loan Terms • Repositioning / Value-Add Commitments / forward rate contracts on multifamily. The terms listed above are general. EVO, offers a high degree of flexibility and we are able to customize and structure each loan to meet the particular needs of our borrowers. GENERAL LOAN PARAMETERS Property Types: All commercial RE property types including specialty assets Loan Size: $200K –$250MM+ Interest Rate: 3.25%%–12% fixed Fees: 1%–4% Term: 6-24 months or greater term loans to 30 years with extension options Amortization: Interest-only Loan to Value/ Up to 75%–85% LTV Loan to Cost: Up to 100% for build-outs, TI’s and redevelopment Coverage: 1.20x–1.30x using actual debt service (no stress test) Prepay: No prepayment penalty Recourse: Recourse and non-recourse are available Markets: Nationwide – primary, secondary and tertiary markets Security Position: Senior secured interest Edward Voccola, LLM CEO of Edward Voccola & Co. LLC 617.233.5555 or 646.342.4963, EdwardVoccola@Gmail.com

We run a discreet, competitive, relationship-driven process and provide highly customized solutions, speed of execution, reasonable fee structures, and a collaborative approach.