Acquisition and Development loans are used to buy and improve land.The loan allows for converting raw land into sites that are ready for construction of commercial buildings. This type of loan includes the purchase of the land as a cost of the project.Many hard money lenders will loan up to 70% of the value of the land in the total cost of the project. The cost of the land, improvements to the land and other costs including interest reserve are calculated in the total cost of the project.A lender will determine the financing depending on factors such as location of the property, zoning, and the developer's exit strategy.

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