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Acquisition & Development Financing

When most people think of real estate investing, they think of buying homes and commercial buildings they will either rent out or flip and resell for a higher price. However, this isn’t the only type of real estate investing you can choose. In fact, acquiring land and developing it into something businesses can use can be a lucrative way to make money in the field of real estate. This often requires a land development loan, which is typically secured by a mortgage to develop an empty lot of land into something that can be used by companies for a variety of purposes.

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If you prefer to email us, fill out the form below and an associate will contact you to review the loan scenario and provide a quote.

What Is Involved

There are a lot of factors when it comes to land development loans. First and foremost, there is the cost of the property that will be purchased and broken up into smaller subsections that will be improved to make room for businesses of all kinds. In addition, there are the hard costs, which refer to the cost of the construction of the buildings that will house the businesses that rent them. These properties are often built in a generic manner so they can be tailored to the needs of a variety of business types. Finally, there are several soft costs that should be included in the lending for this type of real estate investment. These costs include sales commissions, interest reserves and more. Be sure you understand all of the associated costs so you obtain the appropriate amount of funding you require.
HMLAZ
Contact Hard Money Lenders Arizona anytime, to speak with one of our very helpful and highly knowledgeable loan specialists about your property investment funding in Arizona
Hard Money Lenders ArizonaExcellentHard Money Lenders Arizona4.9 Based on 204 reviews fromSee all reviewsRay S.Ray S. ★★★★★ Best in the business...never would use anyone else. Professional and knowledgeable. Honest and informative.geoffrey B.geoffrey B. ★★★★★ michael was great. his entire team worked seamlessly together to get me funding in record time. a straight up and honest guy, hard to find in todays world. 100% would do business with him again.Ryan M.Ryan M. ★★★★★ Michael is a winner! Work with him and he’ll for sure do his best to help you and your client close no matter how harsh circumstance becomes. My client now gets to keep his home because of a HardMoney loan. On to the next deal!Response from the ownerThank you Ryan. Was a fun one to work on and I appreciate you thinking of me! Brett H.Brett H. ★★★★★ Amazing Experience w/ Michael. Very professional Speedy & detailed. Delivered on time & was very great with communication and process.Response from the ownerThank you Brett! Can't wait to do more deals with you!! Sean C.Sean C. ★★★★★ I had the pleasure of working with Michael to secure a loan for our home. He was able to gather our information, and close, record, and fund the loan within 10 days! the process was the least painful loan process I've experienced. The timing was perfect, we needed the good news and the great experience. Thanks again Michael we really appreciate it.Response from the ownerSean, thank you so juch!! Was a true pleasure to work with you. You made me look good! Looking forward to working with you again!!! John B.John B. ★★★★★ Michael is a pleasure to work with. He strives to make sure every aspect of the lending process is made clear and works hard to make sure things get taken care of ASAP.Taylor S.Taylor S. ★★★★★ Michael gets it done! If there is a deal that has any obstacles, like one I was recently working, Michael is a true deal saver. Highly recommend.Response from the ownerThank you Talyor! This will be the first of many to come! Levi D.Levi D. ★★★★★ Absolutely the best lender I have worked with thus far. Straightforward, efficient and personable. I will only be using this lender from now on!Response from the ownerThank you so so much. It was great meeting with you and I hope this is the first of many deals we do together!! Emily M.Emily M. ★★★★★ We had a wonderful experience with Michael Iuculano. The process for our loan was only about 2 weeks start to finish. They found us the perfect lender for our project with terms that were agreeable to all parties. He was super responsive to all of our questions and understood what we needed from the beginning. We will definitely be working with him again!Response from the ownerEmily, thank you so much to you and Luke. I am ecstatic to have been able to do this deal for you and very much looking forward to being your go to Guy!! Justin B.Justin B. ★★★★★ Quick and responsive! Definitely educated me on what I needed to make things happen! Thank You Guys!Response from the ownerJustin, very much appreciated! Thank you and looking forward to working with you again! Jacque M.Jacque M. ★★★★★ Michael was amazing! He closed my transaction in three and a half weeks without any hiccups. Diane Chamberlin, his assistant, was also extremely helpful and expedited the process. I would highly recommend!Response from the ownerThank you Jacque, it was a pleasure working with you and glad to have been able to help! Greg L.Greg L. ★★★★★ Easy process and quick turnaround. Mike and his team made it easy.Response from the ownerGreg, Thank you so much for the opportunity to help your clients! We look forward to working with you again soon! Osiel A.Osiel A. ★★★★★ Tim D.Tim D. ★★★★★ All I have to say is that Mike is well known and I’ve worked with him in the past, as well. He will get it done. In this case we had 48 hours. He got it out and signed in 24 hours, from the time I brought it to him. Saved customers house. Fantastic job, Mike.Response from the ownerTim, we appreciate working with you again and as always. You made it very easy and we are delighted with the result! David R.David R. ★★★★★ I read Michael's ad in a home buying magazine and after having two other loan "order takers" just give up, I decided to give him a call. Best thing I could have done. Working with Michael is such a great relief because he gets that not every loan is some "cookie cutter, fit the formula" type of transaction. He takes the time to ask questions and find out what the goal of the loan is. In my case it was to unlock equity in other properties so I could better leverage my rentals. Michael had the knowledge and contacts to get my loan completed, and offered a few different solutions .Michael's assistant Lara made sure everything got done right, and on time. She is great to work with, and responded quickly to any question I had. Together they make a great team and I look forward to working with them in the future.Response from the ownerDavid, thank you so much for your reply. We loved working with you and you were extremely prompt and responsive so it's certainly made it easier and faster. We are looking forward to working with you again soon! Sean M.Sean M. ★★★★★ Michael Luculano and his team are nothing short of miracle workers in making a complex deal easy.My wife and I were recently visiting Scottsdale for her birthday and had decided to look at a few homes. Nothing immediate, just getting ideas for the future. Then on the last day we run into the perfect new construction home, only problem is we weren't prepared to buy. Most of our long-term funding was tied up in our home back in Oregon and to complicate things further, the seller had another cash offer on the table and a ridiculously fast 3 week closing requirement to secure the property.So, we took a leap of faith and called Hard Money Lenders with Barrett Financial and got Michael on the phone. That quickly took us from an impossible deal to closing on our new home in record time. Michael clearly communicated all the terms and numbers up front. And being such a rapid deal with a large amount of escrow on the line, he personally checked in with us daily.We have worked with a lot of great people in the real estate and mortgage industries for over 30 years and have to say that Michael is one of the top professionals we have ever met. A true expert in mortgage and bridge loans / private lending. Even better, it was clear to us every day that Michael truly cares about his clients. Best phone call we could have ever made.Thank you, Michael and Lara, for helping us make this North Scottsdale dream a reality!Response from the ownerSean, it was an honor to get the opportunity to work with you. I take my clients very seriously and it was awesome to work with you on this and earn the right to share in your joy. You were very responsive to all my calls and you were definitely a contributor in the outcome. I appreciate this opportunity immensely and welcome to Arizona! Steven S.Steven S. ★★★★★ I had a great experience working with Michael. He was quick, communicative, and professional. The whole process was easy and I got my funding very fast.Response from the ownerSteven, we appreciate you so much. You were amazing to work with and super responsive. Thank you so much for the business and the trust! We look forward to working with you again soon! Cindy D.Cindy D. ★★★★★ Excellent service! Michael was able to close our loan at a lower interest rate than originally quoted, as an added benefit to the already pleasant experience of working with Michael & his team. We closed ahead of time, no suprises, no drama, just positive results. The professional, dedicated staff was impressive as well. For positive results, this should be your mortgage choice.Response from the ownerCindy, it was an absolute pleasure to work with you and you certainly made it easier by being so thorough. Thank you so much and we hope to work with you again soon! Darlene L.Darlene L. ★★★★★ Mike was so very helpful in getting a loan for my new house! THANK YOU!saleh abd al H.saleh abd al H. ★★★★★ Michael, thank you so much you made this process so easy, I really appreciate it so muchSaleh.wyatt A.wyatt A. ★★★★★ Recently used Mike for an investment purchase. Everything went smoothly. All fees were disclosed up front and matched at closing. Definitely using them again!John H.John H. ★★★★★ Micheal my guy straight handled business in a timely fashion I like to say thanks to you and your staff . Highly recommendSabria W.Sabria W. ★★★★★ Pleasant experience very professional and simply gets the job done, I look foward to our next deal.D ND N ★★★★★ Awesome lender that made things really simple to work with. Went above and beyond to get us a higher LTV than most of the other well-known lenders and had a quick close. Highly recommend using them!Steven R.Steven R. ★★★★★ Working with Michael was an absolute pleasure. I have done a lot of real estate transactions over the years and appreciate it when someone cares about their customer and getting the deal done on time and at the terms I was quoted. There are many bait and switch lenders out there but Michael and his team were always available when I had a question and when a potential issue popped up he was on it even while on vacation to get it resolved. That’s the type of service I expect and appreciate. Highly recommend if you’re looking to finance a deal.StevenErnest K.Ernest K. ★★★★★ Pablo R.Pablo R. ★★★★★ Michael and Lara were so easy and amazing to work with. On top of that, Michael really values relationships and will make sure what he says is delivered. Anyone looking for a hard money team, THIS IS THE ONE!!Celly D.Celly D. ★★★★★ Michael and his team were very professional and extremely proficient and were able to find a solution for my client when no other lender could not! Highly recommend him!!Jean P.Jean P. ★★★★★ Michael provided excellent customer service. I would recommend him to anyone. Thanks for your help and fast prompt service.H R.H R. ★★★★★ Mike and his team are fantastic! Helped save a deal from falling out.JOE D.JOE D. ★★★★★ Made loan easy. I love itDeborah R.Deborah R. ★★★★★ Michael and his team are amazing. I want to tell you that you cannot find a better broker who has the patience of a goat. Michael works tirelessly for his clients. I thought I was getting on his nerves but he is a seasoned professional and got the deal done. He is super fast 48 hours and it was done. He's simply the best. If you go anywhere else the experience will not be the same because Michael is compassionate. Thank you.Javier. G.Javier. G. ★★★★★ Mike was amazing. Super easy to work with. I am going to use them for all my future projects.Daniel F.Daniel F. ★★★★★ Great experience! Very fast and professional. Thank you, Michael!Khalid M.Khalid M. ★★★★★ Michael got my loan done in the agreed upon time despite us encountering some hiccups along the way. Stayed in touch and didn’t let me feel uneasy through the entirety of the loan process. If you need something done quickly. Call Michael.Christy C.Christy C. ★★★★★ Michael and his team were so great to work with. He was so genuine and easy to communicate with! He helped us navigate our first hard money loan from start to finish. The closing was very fast & efficient - they were able to get it done in 9 days. We couldn’t have asked for a smoother process or better people!! Thank you again!Robert W.Robert W. ★★★★★ Mike was outstanding, exceeded my expectations with price, terms and timing…. As a seasoned finance & real estate professional that’s SUPER critical of lenders, I couldn’t have asked for a better experience!Chad W.Chad W. ★★★★★ Michael was fantastic to work with to get a touch deal done on a tight deadline. He was quick, responsive, and he ultimately delivered for us. I’d highly recommend you reach out to Michael for all your alternative financing needs!Phillip C.Phillip C. ★★★★★ Reached out to Michael to discuss my situation received prompt and professional advice and guidance. Loan process was quick and easy closed in a few days. I would recommend Hard Money Lenders when you need a helping hand.Ryan R.Ryan R. ★★★★★ Great people to work with. Michael made the process very easy. I needed to close in just a few days and they made that happen. Will work with them again for sure!!Carmen S Renteria TruVision G.Carmen S Renteria TruVision G. ★★★★★ Michael was amazing and definitely saved my deal meeting a very short deadline we had! He offers a very simplified and efficient loan process.All while being prompt and having excellent communication from beginning to end!Stacey R.Stacey R. ★★★★★ Michael was easy to work with. His office was professional and very fast. I highly recommend him.mike G.mike G. ★★★★★ Hello I just closed my deal today and working with Mike has been great , the process flowed just like Mike said it would and it was completed in the timeframe that Mike projected , you are in good hands with Mikekara I.kara I. ★★★★★ Michael at Hard Money Lenders Arizona is beyond AMAZING! He took on my financial circus and worked beyond what he needed too get the job done! After many refi attempts and told NO… He made it happen. I am so beyond thankful that he was able to work with me and get my refi done. I look forward to working with him in the future. If you have a need and unconventional circumstances, when one door closes… Michael opens the Door!Jussara S.Jussara S. ★★★★★ Michael was fantastic to work with throughout the entire process. He was always available for questions and kept me informed through key milestones. Looking forward to many more projects with Michael’s guidance and expertise.K D.K D. ★★★★☆ Michael walked me through the process by email and texting , and some phone calls. He helped me a lot when we hit a snag or two and made sure the loan closed without issue.Jenn H.Jenn H. ★★★★★ I reached out to Michael and Barrett Financial to see if there was anything he could do to help with a refinance with cash out despite less than stellar credit. Michael was amazing. He was able to answer all questions, got us an amazing loan with cash back to clear our 80% of our debt, and despite a few delays in closing we closed in under a month. I would highly recommend Michael for anyone looking for a loan who might have a few blemishes.Sonda H.Sonda H. ★★★★★ Barrett Financial got our deal done when no one else could. It was a complicated transaction with a new home builder who wasn’t familiar with creative types of funding so that was an issue. I can’t say enough about Michael & Nicole for their efforts to get this done. I’m a Realtor and this is by far one of the most complicated transactions I’ve ever undertaken. Quite frankly, I wasn’t even sure if it could even be done, but Barrett said it could, and it was! It wasn’t easy by no means and I may have had a few mini heart attacks throughout the process but thankful we were able to get it done!Ian A.Ian A. ★★★★★ Working with Michael was a breeze! He got everything arranged and all the paperwork together and a better deal than even projected when all the documents were signed. Highly recommend working with him and his team!Shawn C.Shawn C. ★★★★★ I was looking for a cash lender so that my offer to a buyer would be more competitive. I was able to make a cash offer (important in this market) and got the contract. This team supplied the funding quickly and with limited paperwork. I was able to close in two weeks. They did a great job. Thank you.js_loader
Understand the Percentages

If you’ll be working with a hard money lender in Arizona for this type of project, it’s important to understand what you can expect in terms of lending percentages. As a developer, you are likely to be required to put down at least 25 percent of the purchase price of the entire project cost. You will need at least 30 percent of the cost of the land itself. As a general rule of thumb, however, most hard money lenders won’t exceed more than 50 percent of the loan-to-value of refinancing the land. Many reasonable individuals are willing to fund up to 70 percent of this cost as long as the other 30 percent is being paid for in cash. If an investor goes into this project paying for their portion with any other type of loan or with credit toward work that has already been performed, the amount a hard money lender is likely to contribute will fall dramatically. In most cases, it can fall as far 55 percent of the loan-to-value ratio.

Understanding the basics of acquisition, development financing and hard money loans will help you determine if this kind of real estate investing is right for you and prepare you for what you need to make this type of investment happen.

Google Rating
4.9
Based on 204 reviews
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