Development Loans
Development Loans with KRA Private Mortgage Funding
Whether you’re embarking on a new real estate project or expanding an existing development, we provide personalized lending plans to meet your unique needs. Our expertise in private mortgage loans ensures that you receive the best terms and support throughout the loan process.
What is a Development Loan?
Real estate development loans, including land development loans and property development loans, are specialized financing options designed to support various stages of real estate development projects. These loans cover the costs associated with acquiring land, developing infrastructure, and constructing new buildings.
Purpose and Use
- Land Acquisition: Real estate development loans can be used to purchase raw land for new projects. This is essential for developers looking to build residential communities, commercial properties, or mixed-use developments.
- Infrastructure Development: These loans also cover the costs of developing infrastructure, such as roads, utilities, and drainage systems, which are critical for making the land suitable for construction.
- Construction Financing: Development loans can fund the actual construction of buildings, whether residential, commercial, or industrial. This includes costs for materials, labor, permits, and other associated expenses.
Why Choose KRA Private Mortgage Funding?
When you choose KRA Private Mortgage Funding, you’re partnering with a team dedicated to helping you achieve your development goals. Here’s how we can assist with your real estate development loan needs:
- Personalized Lending Plans: We take the time to understand your project and financial situation, creating a customized development loan plan that fits your needs.
- Dedicated Support: Our team is always available to answer your questions and provide support throughout the loan process, from application to project completion.
- Comprehensive Services: In addition to development loans, we offer a range of private mortgage loan options, ensuring you have access to the best financial solutions for your needs.
- Local Expertise: As specialists in private mortgage loans in North Carolina and South Carolina, we have a deep understanding of the local market and can provide insights and support tailored to these vibrant communities.
Whether you’re planning a new development or expanding an existing project, KRA Private Mortgage Funding is here to help. Contact us today to learn more about our real estate development loan options and start creating a personalized lending plan that fits your needs. Let’s make your development project a success together.
*If you complete an application, please e-mail it to kristi@kraprivatemortgage.com.*