Private Land Financing Before Construction Begins

A land and pre-development loan is short-term, business-purpose financing secured by real estate before vertical construction begins. It may be used to acquire or refinance land, combine parcels, recapitalize equity or carry a site while plans and approvals advance.

Vaster evaluates residential development sites, waterfront and infill parcels, assemblages, and select mixed-use or commercial development sites in South Florida and select markets. Every transaction is reviewed individually.

Vaster offers loans up to $50 million. Land financing is generally available up to 50%–55% LTV depending on the property, sponsor, market and business plan. Terms typically range from 12 to 18 months and are interest-only. All terms are subject to underwriting, credit and collateral approval.

Yes. When a project becomes construction-ready, Vaster can evaluate a separate construction loan based on final plans, permits, budget, sponsor equity, contractor, timeline and exit strategy. Approval is not automatic.

Vaster can close in as little as 10 business days after receiving a complete application and supporting documents. Timing varies based on title, appraisal, environmental review, transaction complexity and other required diligence.