Research banks and lenders—locally, nationally, and online—to learn who does commercial real estate loans for raw land.
If you are new to commercial real estate investing, financing can be tricky. If you plan to take out a loan to purchase commercial land, start inquiring about financing long before searching available parcels. Research banks and lenders—locally, nationally, and online—to learn who does commercial real estate loans for raw land. Also, first-time investors need to be aware that the commercial lending process is much different than loans for residential properties. The qualifications are more stringent, and you may need to put down as much as 20%.