Bare-Land Loans
We fund land loans on a case-by-case basis
Conservative Strategy
We are generally conservative with respect to our loan-to-value ratio maximum and the geographic markets that we consider.
Many unimproved vacant-land loans that AIC fund have a plan in place to partition or further develop with a solid exit strategy. In some cases the borrower needs to close quickly to take advantage of a distressed-sale situation but is not necessarily ready to start construction. For these cases, AIC will finance the bare-land with a plan in place to complete the design and permitting process.
Most land loans AIC funds are in the greater Portland area due to the extensive and timely process necessary to receive building permits. AIC can fund a two-step loan providing financing for a portion of the land acquisition. Once the permits are ready, we refinance the land loan into a construction loan.
How We Work
Are you new to real estate investment or private money lenders? AIC is always accepting quality loan requests for a variety of projects. Learn a bit about our process. Questions? Call us!
Get In Touch
Simply give us a call or fill out our form. We’ll assess your situation and provide a realistic evaluation.
As a direct lender, we can approve loans immediately and issue pre-approvals – no waiting, no middleman.
Apply
Once we’ve determined your project is a good fit, we’ll send the loan application. AIC doesn’t request debt to income ratios, bank statements, or typical documents that ordinary lenders need. Simply apply with our easy form.
Receive funding
We’ll open escrow once we have your application. You can sign at escrow and we’ll close and fund on the same day. It takes a few business days to receive the title report and to order loan documentation. Our process is streamlined and fast!
Pay the bill
It’s easy to pay your bill!
ACH payments are our preferred method, due to their convenience, fast processing time, and security.
We also take checks.
Bare Land Case Studies
See real results that our loans and guidance have achieved
Why Partner With AIC?
Experience: Established 35 years ago, AIC has the knowledge and the skills to fund common-sense real estate loans in Oregon.
Personalized Service: Our small team of friendly experts tailor loans to the individual needs of our clients. Clients work with one person throughout the entire process to ensure a personalized touch.
Fast Funding: Our nimble team performs a variety of tasks in-house, such as underwriting and document-drawing, and we generally do not require an appraisal. Our process is easy and quick – we can usually close in 5-10 days if a complete file is provided.
No Junk Fees: AIC never charges any upfront fees or “junk fees” like document prep, underwriting, service fees, etc. We take pride in honest lending practices.
Competitive Rates: AIC provides both exceptional service and rates/fees that are competitive in the market.
No Draw Fees: AIC never charges any fees for construction draws or inspections. AIC typically processes construction draws the same day they are received.