15.7-Acre Land Bridge Loan

Deal Summary

The Situation

A developer identified a 15.7-acre land parcel in a high-growth corridor that was ideal for a planned commercial and residential development. The seller required a fast close, and the developer needed acquisition capital while entitlements and site planning were completed.

The Challenge

Raw land is one of the hardest asset types to finance. Most conventional lenders won't touch unentitled land, and those that do require 40-50% equity. The developer needed leverage and speed to secure the parcel before competing buyers.

The Structure

CapitalAx sourced a private lender willing to underwrite the land based on the developer's track record and the site's location fundamentals. The $9,500,000 bridge loan provided the acquisition capital with a structured timeline for the entitlement process.

The Solution

CapitalAx packaged the deal with comparable land sales, a development feasibility study, and the developer's prior project portfolio. The private lender issued a term sheet within a week.

The Outcome

The developer acquired the site ahead of competition, secured entitlements on schedule, and moved into the pre-development phase with construction financing discussions already underway.