Our Lot Loan Program
How It Works
Sétanta was specifically formed to address the needs of the homebuilding community. Our lot lending program seeks to provide responsive, dependable, and efficient capital to qualified residential developers. Our team's deep industry and hands-on development experience allows us to build unparalleled partnerships with our borrowers.
Strategically Focused on Growth
In terms of target markets, we have a simple philosophy – go where people are moving. Sétanta lends in the Sunbelt, Northwest, Mountain West, Mid-Atlantic, and California. By focusing on growing metros with the need for affordable entry-level housing, we seek to reduce the U.S. housing shortage one community at a time.
Key Terms
FINANCING CAN BE PROVIDED UP TO 85% LTC & 75% LTV
LOANS ARE NON-RECOURSE
LOAN TERMS RANGING FROM 12 MONTHS TO 5 YEARS
INTEREST CAN ACCRUE (PIK) OR BE PAID CURRENT
Loan Criteria
- Land must be entitled, with no discretionary approvals outstanding
- 100% of lots must be presold to a home builder (affiliated or 3rd party)
- Developer must have resume of completed projects, as well as pipeline of future deals
- Guarantor suitable for completion guaranty
- Land collateral is free of liens and other encumbrances
- Loan terms ranging within 12 to 60 months
- Traditional “For-Sale” communities or Single-Family Rental projects
- Total loan commitment greater than $1MM
- Total lot count must exceed 25 lots
Get the Financing for Your Residential Project Today
Unlock the potential of your residential project with tailored financing from Sétanta Development Capital. Our expert team is dedicated to providing the capital you need for successful and timely project completion. Partner with us today and turn your vision into reality with confidence.
