Acquisition & Development
Quantum Bank has been great to work with. I approached my Quantum Bank Loan Officer about financing an in town development with 50 lots to be developed. My request was answered with a “let’s see if we can figure it out”. The “can do” attitude was refreshing after hearing from so many other bankers that they are not able to do these types of loans. We creatively came up with terms and conditions to make the loan. We even closed on time.
When you need financing to purchase land and develop infrastructure, Quantum’s construction lending team may be able to help. We make acquisition and development loans in proven market areas to finance the development of new subdivisions.
We target loans up to $3,000,000 and provide financing for fully developed lots.
- Up to 75% loan to cost or value
- Interest only terms
- 18-month maturity, renewal options available
If you’re interested in receiving further information, click the link below to send us a secure message.
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