Choose and evaluate from 251 land loan lenders that operate in Brooklyn, NY.
The average cost for one acre of land in NY is $60,000. The loan-to-value (LTV) ratio for undeveloped land ranges from 18.23% to 71.50%, while the anticipated LTV for loans on fully developed land in NYName spans between 37.57% and 76.74%.
The genuine value and loan LTV of land are determined by its location, dimensions, topography, zoning, and any entitlements applied to the property.
Explore your land loan possibilities and rates by getting in touch with the premier land loan lender in the State of Brooklyn, NY.
Compare loan offers from 100 lenders
To meet all your hard money lending requirements, Lendersa® AI technology promptly pairs your loan request with hundreds of direct hard money lenders. Discover the most favorable land loan rates today to finance various vacant land or land plus construction projects in NY.
By avoiding unnecessary inquiries, you can maintain your credit score. Secure preapproval for your land loan without needing to disclose your social security number or sensitive financial details.
Within the realm of vacant land lending, construction loans and blanket loans are essential; you may be eligible for 100% LTV financing by pledging additional property as security (blanket loan).
Identifying a private investor through a local hard money broker significantly boosts your odds of obtaining a loan. Land loans in Brooklyn, NY are most effective when arranged by local lenders acquainted with the area. Close proximity between the hard money investor and the property increases the chance of loan approval and accelerates the funding process.
Utilize the Lendersa® land loan calculator to find lenders for vacant land loans in zip codes 11212, 11213, 11216, 11233, 11238, 11209, 11214, 11228, 11204, 11218, 11219, 11230, 11234, 11236, 11239, 11223, 11224, 11229, 11235, 11201, 11205, 11215, 11217, 11231, 11203, 11210, 11225, 11226, 11207, 11208, 11211, 11222, 11220, 11232, 11206, 11221, 11237.
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NMLS 1795154
