Hard Money
Vacant Land Hard Money in Richmond, VA
CMRE's Vacant Land Hard Money Loan provides fast financing for land purchases and development. Whether you're acquiring raw acreage or entitled lots, our asset-based approach lets you close quickly without traditional bank delays. Available nationwide for residential, commercial, and agricultural land.
Key Facts About Vacant Land Hard Money
CMRE hard money loans fund in as fast as 7 business days.
Hard money loans from CMRE require 20-35% down payment.
CMRE hard money programs accept properties that conventional lenders decline.
Hard money rates at CMRE range from 9.99% to 13.99% depending on LTV and experience.
CMRE hard money loans cover fix-and-flip, bridge, and ground-up construction.
CMRE Vacant Land Hard Money funds in as few as 7 business days.
CMRE Vacant Land Hard Money is asset-based — property value drives qualification.
CMRE Vacant Land Hard Money LTV ranges from 65% to 90% ARV.
Program Benefits
Fast and efficient funding for vacant land acquisition and development.
Flexible loan terms to match your project's specific needs.
Competitive rates starting at 9.875%.
Simplified approval process compared to traditional lenders.
Ideal for short-term financing and bridge loans.
Leverage your land investment with up to 70% Loan-to-Value (LTV).
Program Highlights
Max LTV
70%
Min Credit Score
600
Max DTI
N/A (Hard money loans typically do not use DTI)
Loan Amount Range
$50K - $5M
Amortization Options
Eligible Properties
- Residential Land
- Commercial Land
- Industrial Land
- Agricultural Land
Program Requirements
Income Documentation
- •Demonstrated ability to repay the loan based on project pro forma or other income sources.
- •Sufficient cash flow to cover debt service.
- •Alternative income documentation may be considered.
Asset Verification
- •Down payment or equity in the project.
- •Other liquid assets available for project costs.
- •Clear title to the vacant land being financed.
Insurance & Title
- •General liability insurance covering the property.
- •Builder's risk insurance during construction (if applicable).
- •Property insurance to protect against damage or loss.
Property Requirements
- •Minimum FICO score of 600.
- •Review of credit history for serious derogatory marks.
- •Consideration of overall credit profile.
Vacant Land Hard Money in Richmond: The Complete Guide
What Is Vacant Land Hard Money?
Vacant land hard money loans are short-term financing solutions designed for investors and developers looking to acquire or develop land quickly. Unlike traditional mortgages, these loans are asset-based, focusing on the value of the land and the potential for future development rather than the borrower's creditworthiness or income. This makes them an attractive option for those who may not qualify for conventional financing.
Who Uses Vacant Land Hard Money?
- •Fix-and-flip investors needing fast acquisition and rehab capital.
- •Bridge borrowers financing between a sale and a purchase.
- •Auction buyers needing proof of funds and rapid closing.
- •Property owners facing foreclosure who need emergency refinancing.
- •Investors purchasing non-conforming properties traditional lenders won't finance.
Vacant Land Hard Money Terms and Structure
- •LTV: 65%-80% as-is value or 70%-90% ARV for fix-and-flip.
- •Terms: 6 months to 3 years — designed as short-term bridge.
- •Interest rates: 9%-14% depending on LTV, condition, borrower experience.
- •Interest-only payments standard. Exit strategy required.
- •CMRE funds in as few as 7 business days.
Get Vacant Land Hard Money from CMRE
- •Step 1: Submit property details — address, price, value estimate, scope of work.
- •Step 2: CMRE issues term sheet within 24-48 hours.
- •Step 3: Appraisal or BPO — fast-track available.
- •Step 4: Underwriting on property value and exit strategy.
- •Step 5: Funding in as few as 7 business days.
Current Mortgage Rates
30-Year Fixed Rate
6%
as of 3/5/2026 · FRED
15-Year Fixed Rate
5.43%
as of 3/5/2026 · FRED
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Vacant Land Hard Money in Richmond, VA
Richmond VA mortgage lending. Conventional, FHA, and VA programs for Central Virginia. Custom Mortgage & Real Estate specializes in providing high-fidelity Vacant Land Hard Money solutions tailored to the unique economic landscape of Richmond and the surrounding Richmond City.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entireRichmond metropolitan area.
Service Areas & Neighborhoods
Our Richmond Presence
Local Knowledge. Global Rates.
16501 Ventura Blvd STE 400
Encino, CA 91436
Direct Line
877-976-5669Common Questions About Vacant Land Hard Money in Richmond
What are current Vacant Land Hard Money rates in Richmond, VA?
Vacant Land Hard Money rates in Richmond depend on loan amount, credit profile, and property type. CMRE publishes updated Richmond rate ranges daily and provides locked quotes within 24 hours of application.
How long does Vacant Land Hard Money closing take in Richmond?
CMRE typically closes Vacant Land Hard Money loans in Richmond within 21-30 days from application. Pre-approval takes 24 hours, and our VA-licensed team coordinates title, escrow, and appraisal concurrently to save time.
How fast can CMRE fund Vacant Land Hard Money in Richmond?
CMRE funds hard money and bridge loans in Richmond in as fast as 7 business days. Experienced investors in Richmond City with strong equity positions may qualify for expedited underwriting.
What LTV does Vacant Land Hard Money allow in Richmond?
Vacant Land Hard Money from CMRE in Richmond typically requires 65-80% LTV depending on property type and borrower experience. Fix-and-flip investors in Richmond City may access higher leverage with track record documentation.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
Yes. CMRE finances raw, unimproved land including agricultural acreage, desert parcels, and wooded lots. LTV is typically 50-65% for raw land, based on appraised or purchase value.
LTV ranges from 50% for raw unentitled land to 70% for entitled or improved lots. Higher LTVs may be available for land with approved plans and permits.
No. CMRE finances land purchases for holding, speculation, and future development. Having a clear exit strategy (build, subdivide, or resell) improves your terms but is not required.
Our Vacant Land Hard Money loans can be used for a variety of purposes including purchasing land, covering pre-development costs, and financing site improvements. The primary goal is to provide short-term capital for your land-related ventures.
The typical loan term ranges from 6 to 24 months, providing you with ample time to complete your project or secure alternative financing.
We pride ourselves on our efficient process, and funding can often be secured in a matter of weeks, depending on the complexity of the transaction and the completeness of your application.
Interest rates start at 9.875% and are determined by factors such as loan-to-value, borrower experience, and the specific characteristics of the property.
As few as 7 business days from application. Same-day term sheets available.
65%-80% of current value. Fix-and-flip: up to 90% ARV.
Primarily asset-based — property value matters most. Credit is a factor but not the primary driver.
Typically 9%-14% depending on LTV, condition, and experience. 1-3 origination points.
Vacant Land Hard Money by Location
Get local rates, loan limits, and market data for Vacant Land Hard Money in your area.
CA
CO
GA
ID
IL
MI
NJ
NY
OH
OR
WA
View county-level market data, loan limits, and mortgage rates on our territory pages.
Browse All Territories →TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
