Land Loans in California: What We Fund and What We Don’t
Capital Bridge Partners does not fund raw or unentitled land on its own. We are a direct portfolio lender for improved real estate in California: bridge, construction, fix-and-flip and cash-out loans from $100,000 to $12,000,000. Land comes into a loan in two specific situations, described below. If your deal is one of them, we can usually issue terms the same day.
When we will lend on land
Special-use land with a clear business use. Industrial outdoor storage (IOS), truck and equipment parking, contractor and laydown yards, and similar sites where the land itself is the operating asset. We underwrite the site, the location, the business plan and the exit the same way we underwrite a building.
Land with additional collateral. A purchase or refinance of raw or unentitled land where the borrower also pledges other real estate. The additional collateral can be in a subordinate position behind an existing loan; it does not have to be free and clear.
Entitled lots as part of a construction loan. If you own or are buying an entitled lot and want to build, that is a construction loan, not a land loan. We fund the build in draws.
What we do not fund
Raw or unentitled land held for appreciation with no other collateral, land without a business use or a clear exit, speculative lot assemblages, and any loan where the only collateral is the dirt.
Terms at a glance, where land qualifies
Loan amount: $100,000 to $12,000,000
Term: 12 to 24 months
Interest rate: Starting at 10.99%
Position: 1st on the land; additional collateral can be in a subordinate position
Closing timeline: 3 to 7 business days once we have the site and collateral details
Where we lend: California, with the deepest experience in the San Francisco Bay Area
Frequently asked questions
Do you lend on land in California? Only in the situations above: special-use land with a business use, or land with additional collateral pledged, even in a subordinate position. We do not make standalone raw-land loans.
Can you fund an $8 million land loan? Not on land alone. If the land is an operating industrial outdoor storage or parking site, or the borrower pledges other real estate with enough equity, even behind an existing loan, a loan of that size is within our range.
What do you need to issue terms? The address, what the land is used for or will be used for, the purchase price or current value, any other property you can pledge, and your exit. See how our process works.
Not sure if your deal fits?
Send it over. We will tell you the same day whether it is something we can do, and if it is not, we will say so. Get Funded or call 415-820-4770.