Raw or Vacant Land Funding
When you want funding to purchase vacant land, as opposed to developed land with property on it, the whole calculus of the lending process changes. It’s a lot easier for a bank to foreclose on a house or a building and sell it and recoup its losses than it is to do the same thing with a plot of land, in most cases, so you need to understand what’s different about this sort of transaction. The laws about purchase and transfer can vary widely from one province to another, or even from one municipality to another, so you need to pay attention to the rules in your area before you consider making this sort of investment.
Land Purchase / Refinance Articles
A lot of our other customers have worked with us for financing land purchases, and we’ve put together a Frequently Asked Questions list down below for you to consult. For information about individual questions, you can talk to us on the phone or live chat or send us an email. We also have a pre-qualification application online if you think you‘d like to go ahead and explore land financing.