Best for
- Permitted, shovel-ready projects
- Developers with completed comparable projects
- Completing a stalled project
What we underwrite
Land basis and equity in the deal, approved plans and permits, a GC contract and budget, the developer's track record, and the completed value supported by market comps.
Frequently asked questions
Do you lend on raw land?+
Yes, when there is a defined plan: entitlement in progress, a construction start date, or a sale exit.