“Excellent communication and expediency”
Amazing experience with Bryce! Excellent communication and expediency throughout the entire transaction. They were able to close our emergency deal in less than 48 business hours!
Ahmad A.
Real estate loan · Placed by Axelrad
Land loans for the time approvals take.
Land does not produce income while it works its way toward approval. These first-lien bridge loans are sized on what the land supports today, so you can hold it while the approvals move. Axelrad places the loan with a capital partner that lends directly.
- $4–$20 million loans
- Up to 65% of as-is value
- Rates closer to 11–13%
The short answer
What is a land loan?
A land loan is financing secured by a first lien on land, used to buy it, hold it or refinance it while approvals advance. Axelrad places land loans with a capital partner as interest-only bridge loans of $4 million to $20 million, typically for 12 to 24 months, up to 65% of the land's as-is value, with rates closer to 11–13%.
Land loan terms at a glance
- Collateral
- Land.
- Lien position
- First lien.
- Term
- Typically 12 to 24 months, interest only. Extension options depend on the deal.
- Loan amount
- $4 million to $20 million, with a sweet spot of $7 million to $15 million.
- Leverage
- Up to 65% of as-is value.
- Rates
- Closer to 11–13% on land.
- What drives it
- Where the approvals stand and what is left to do.
- Markets
- Nationwide, with a focus on the Southeast, Southwest, Midwest and Mountain West.
- Who lends
- A capital partner that lends directly. Axelrad places the loan through its Capital Market Broker Program.
Actual pricing depends on the collateral, the leverage and the repayment plan.
What we ask about land
Land has no rent roll, so the questions are about the path to the exit.
| Question | Why it matters |
|---|---|
| Where do approvals stand? | It shows how far the land is from the plan that pays the loan back. |
| What is left to do? | It shows the time the loan has to cover. |
| What is the as-is value? | Sizing is set on what the land supports today, not on what it could be worth. |
| What is the repayment plan? | A sale, a refinance or a build: the exit is part of the underwriting. |
Who it is for
Who uses a land loan
Owners holding for approvals
The plan is in motion and the land has to be carried until it is done.
Buyers closing ahead of entitlements
A purchase that cannot wait for the approvals, financed on what the land supports now.
Owners facing a maturity
The existing loan comes due before the land is ready for its next lender.
How it works
From summary to terms
Send a short summary
Property address, requested loan amount, purchase price or existing payoff, estimated as-is value, use of proceeds, repayment plan, target closing date and a note on approvals and what is left to do.
Get a quick read
A person on our team tells you whether the deal fits and roughly what it can borrow.
Terms and closing
If it fits, the capital partner issues terms and we work the file to closing with you.
Why place it through Axelrad Capital
- One submission to a capital partner that lends directly
- A quick read from a short summary
- Sized on what the land supports today
- Interest-only bridge terms
- Real people, real decisions
- Residential bridge loans funded directly by Axelrad
Our Success Stories
5.0★★★★★29 reviews on Google · Read them
“Total transparency”
Truly quality people. Polite, professional, and always kept the line of communication open. Total transparency which is KEY in lending. I highly recommend. We used them for a BRIDGE loan and will use them again for our next investment property.
Nic B.
“Someone in your corner”
If you want certainty and someone in your corner who will go the extra mile to get your deal done, there’s no one better to work with than Axelrad.
Travis M.
“The easiest to work with”
My experience with Axelrad Cap and Bryce has been top notch. We’ve closed on three transactional deals together and without question, he’s the easiest to work with and operates with the most integrity.
Dan S.
“Dealmakers not dealbreakers”
I’ve used Bryce and his team for several transactions and they always provide the highest level of customer service, they know what they’re doing, and they are dealmakers not dealbreakers.
Green Root Development
“Went way above and beyond”
I was in a bind on a property; needed funds to prevent losing the contract. … Bryce explained what needed to be done in the future to ensure fewer hiccups, then went WAY above and beyond to rush everything that same day to make sure we got the deal closed.
Americo P.
“You couldn't dream of a better lending partner”
You couldn't dream of a better lending partner to work with than the team at Axelrad Capital! In an industry that often feels so cold & transactional, Bryce and his team make you feel like VIP's!
Aaron W.
“Professional, transparent, and always went above and beyond”
Their commitment to high integrity and exceptional service is truly impressive. From start to finish, they were professional, transparent, and always went above and beyond to meet my needs.
Seth A.
“Sharp, responsive”
Bryce is sharp, responsive, and understands how to structure deals efficiently and quickly.
LeadMasters Property LLC
“Creative with difficult deals”
They have a strong desire and willingness to be creative with difficult deals.
Robert
“Always ready to pick up the phone”
They have a ton of resources and a team member is always ready to pick up the phone and help move the project forward.
Brian A.
Common Questions
What people actually ask before they apply.
What is a land loan?
A land loan is financing secured by a first lien on land, used to buy it, hold it or refinance it while approvals advance. The loans we place are interest-only bridge loans, repaid by a sale, a refinance or a build.
Can I get a loan on undeveloped land?
Land is one of the collateral types we place. Where the approvals stand and what is left to do drive the answer, so include a short note on both when you send the deal.
How much can I borrow with a land loan?
From $4 million to $20 million, with a sweet spot of $7 million to $15 million. Send us the deal and we will tell you whether the size fits.
How is a land loan sized?
On the land's as-is value, not on what it could be worth once approved or built, at up to 65% of as-is value. Land has no rent roll, so the underwriting rests on that value and the path to the exit.
How long is a land loan?
Typically 12 to 24 months, interest only, with extension options depending on the deal.
How much does a land loan cost?
Land rates are closer to 11–13%, higher than retail and industrial. Actual pricing depends on the collateral, the leverage and the repayment plan.
Does Axelrad fund land loans itself?
No. Axelrad places land loans with a capital partner that lends directly, through our Capital Market Broker Program. If you are building on the land, our new construction loans are funded directly and have their own page.
What if the approvals are not finished?
That is the usual case, and it is what a bridge is for. Tell us where they stand and what is left, and we will say whether the deal fits.
What do I need to send to get a quote?
The property address, the requested loan amount, the purchase price or existing payoff, your estimate of the as-is value, the use of proceeds, the repayment plan and the target closing date, plus a note on approvals and what is left to do.
Send us the land deal. We'll tell you where it fits.
A short summary and a note on approvals is enough to start. A person on our team reviews it.
Related products
Deals rarely fit one box. These are the programs investors most often compare this one against.
- Commercial Bridge LoansFirst-lien commercial bridge loans of $4 million to $20 million on retail, industrial and land. Up to 70% of as-is value, rates from 9%. Placed by Axelrad.
- New Construction LoansGround-up construction financing up to 90% LTC with 100% of construction costs covered and rates from 9.99% for seasoned builders.
- Commercial LendingFlexible commercial real estate financing for acquisitions, refinances, and value-add projects in all 50 states.