Shop Commercial Mortgage’s investor network is looking to supply loans to owners of free and clear commercial property in Florida. The property must be zoned commercial, although our investors will also consider rural properties on a case-by-case basis. Our goal is to offer loans to landowners who need cash available from the equity in their land.
There are several types of loans available to landowners in Florida. The typical maximum LTV (loan-to-value) acceptable to our investors is 55% with some exceptions. Here is a list of the types of properties we are looking for:
If you have a property ready for a strip center, condo development, or other commercial building and you want to break ground quickly, come to Shop Commercial Mortgage and speak with us about your funding needs. No credit needed; we secure the loan with the land’s equity. Our private money investors are aggressively looking for commercial land development opportunities. We have hundreds of years of aggregate experience assessing land values and offering good LTV loans to owners.
Here is what you get when you deal with Shop Commercial Mortgage for your land loan:
Don’t mess with the banks if you are looking to develop commercial land, or are a landowner who needs cash. Contact Shop Commercial Mortgage today and take advantage of our fast underwriting process by calling 813-516-5210.
"I just closed a commercial loan in St. Petersburg. A 16 unit apartment complex for $100,000 at 11.5% interest. It was a free and clear equity driven low documentation refi with no appraisal so it closed fast!"
Mikle / Broker