Choose and compare from 247 land loan lenders available in Lansing, IL.
For land in IL, the standard price per acre is $25,960. The Loan-to-Value (LTV) for undeveloped land is between 16.40% and 50.79%, whereas for developed land in IL, the LTV is estimated from 36.11% to 75.18%.
The true value and LTV of land loans are contingent upon the land’s location, size, topography, zoning, and any established entitlements.
Identify your land loan options and the respective rates by reaching out to a leading land loan lender in Lansing, IL.
Review loan proposals from one hundred lenders
To fulfill all of your hard money lending requirements, Lendersa® AI technology promptly matches your loan request with multiple direct hard money lenders. Discover the best land loan rates today to finance any vacant land or combined land-plus-construction projects in IL.
Avoid unnecessary inquiries to maintain your credit score. Achieve pre-approval for a land loan without having to provide your social security number or sensitive financial details.
Within the realm of vacant land lending, construction loans and blanket loans are fundamental; agreeing to leverage additional property as security could qualify you for complete 100% LTV financing in a blanket loan scenario.
Finding a private investor through a local hard money broker significantly boosts your chances of obtaining a loan. In Lansing, IL, land loans can be most effectively structured by local lenders familiar with the area. Proximity between the hard money investor and the property enhances loan approval prospects and quickens the funding process.
Utilize the Lendersa® land loan calculator to find lenders for vacant land loans in ZIP Codes 60438, 60411.
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NMLS 1795154
