LAND LOANS

BFI provides land inventory, site loans and A&D loans.
BFI also lends on the land component of construction projects.

LAND LOANS

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SIZE

Up to 75% LTV

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PRICING

No points, 9.99% fixed

Office Person Female

TERM

1 year term

 

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LAND COMPONENT OF SPEC

Construction Loans

  • 75%+100% BFI will lend up to 75% of land value + 100% of costs in accordance with an approved budget.
  • 100%: If you obtain third-party land financing (e.g. loan from land seller), BFI may offer a 100% LTC loan.

Multi-Year Lines

BFI will fund up to 100% of land and 100% of construction costs. Land must not be an outsized cost, or no more than 1/3 of total project costs. If building out a subdivision, additional funds maybe available for horizontal development.

 

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