Land Development & Horizontal Construction Loans | Lubbock, Texas
Veristone's Land Development & Horizontal Construction Loans ensure you have fast, efficient financing and a tailored plan that's as unique as your property.
Land development is a crucial first step for many exciting real estate projects. But, it's far from the end of the journey. Veristone can expertly walk you through the whole process, all the way from ground acquisition to building completion.
About Our Lubbock Land Development & Horizontal Construction Loan
- No pre-payment penalties.
- Partially complete projects welcome.
- Cross collateralization available.
Median Home Price
$152,800
Population
258,862
Land Development & Horizontal Construction Loans Volume
$178,459,463
Land Development & Horizontal Construction Loans in Lubbock
Not every lender understands land. Veristone does. Our Land Development Loan is purpose-built for Lubbock, Texas developers who need capital to acquire, entitle, and improve land ahead of construction. With a market population of 258,862 and a median home price of $152,800, the fundamentals in Lubbock support investment at every stage of the development cycle, and Veristone is positioned to fund the earliest and most critical phase.
Loan Specifications
Veristone Capital- LOAN PURPOSE
- Land development/horizontal work
- INTEREST RATE
- From 10.99%
- LOAN AMOUNT
- Up to $10MM
- LOAN TERM
- Up to 18 months
- BORROWER TYPE
- Individual or entity
- EXPERIENCE
- Preferred, but not required
- MAX LOAN-TO-COST (LTC)
- Up to 60%
- MAX LOAN-TO-VALUE (LTV)
- Up to 70%
- CONSTRUCTION FINANCING
- Up to 100% of budget
See If You Qualify
Ready to apply for a Land Development & Horizontal Construction Loans in Lubbock?
How a Lubbock, Texas Land Development Loan Can Work for You
We assist with construction when needed.
We know local markets and permitting.
We thoughtfully attend to every detail.
Lubbock Land Development Loan Data
Market Overview
Population
258,862
Median Home Price
$152,800
Owner Occupied
45,855
Renter Occupied
37,043
Hard Money Loan Volume
$178,459,463
Rental Property Loan Volume
$219,505,139
Bridge Loan Volume
$62,460,812
Fix & Flip Loan Volume
$135,629,192
About Our Lubbock Land Development & Horizontal Construction Loan
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Talk to a Land Development & Horizontal Construction Loans expert in Lubbock, Texas
Find Out What Veristone Can Do For You
Get started with a personalized quote or pre-qualification in minutes.
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Ready to discuss your Land Development & Horizontal Construction Loans needs in Lubbock, Texas? Our team is here to help you find the right financing solution.
Veristone provides real estate investment loans for investors looking to fund their next project.
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