The "Pre-Qualify Now" link is for Customers Only. Brokers should refer to Broker Center. Broker Agreements will not be honored by Normandy if Broker submits a Pre-Qualification using the customer link above.

LAND DEVELOPMENT LOAN

This program is designed to provide a business loan for a Borrower to purchase and/or develop unimproved raw land for a residential or commercial subdivision. Construction financing is also available (click on the appropriate construction link for more information).

The Normandy Advantage:


• Loan amounts from $100,000 to $750,000*
• Loan amounts up to 50% of the appraised value, not to exceed 70% loan to cost (loan to value could be less subject to a full underwriting and market review of the project)
• Land purchase up to 55%* of the purchase price
        *Cross collateralization allowed on other properties, if needed, for maximum (or greater) loan amounts   
• Loans available to qualified Developers with less than 5 years experience
• Deal directly with the Loan Officer/Underwriter
• Fast Pre-Qualification, typically within 3 to 5 business days
• Loans are available to Borrowers with excellent to less than perfect credit
• Flexible draw schedules
• Up to 3 year terms
• Interest only payments based on funds drawn

*Land development portion only. Normandy may consider financing up to an additional $1,500,000 for construction.

Loans available in the following states: AK, AL, AR, CA, CO, CT, DE, FL, GA, HI, IA, ID, IN, KS, KY, MA, MD, ME, MI, MO, MS, MT, NC, NE, NH, NJ, NM, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, WA, WV, WY

Call today @ (800) 390-7536 or use the "Pre-Qualify Now" link above.

NORMANDY CORPORATION
NMLS #71492
Principal Business Address: 46 Prince Street, Rochester, New York 14607
585-256-2600 * 800-390-7536 * Fax: 585-256-2836
Email: info@normandy.com
Hours: Monday - Friday   9 am to 5 pm