Land Developer Financing

Evergreen Note buys notes and contracts secured by land in one or more subdivisions. These can be purchased on an individual basis or through our standard portfolio division. We can also offer a unique program that was designed especially for land developers. This specialized land note portfolio program was designed for the developer that carries back a first lien to provide financing on residential or mobile home lots and is looking for a way to raise capital.
If you would like to receive preliminary pricing, we request that you provide the following information:

  • General Memo about the Development
  • Spreadsheet of the Accounts
  • Plat Map
  • Deed Restrictions, if any
  • Sample Loan File

We review this information and provide a price based on the attributes of the loan portfolio. These include interest rate, buyer’s credit, payment history, seasoning, loan balance, and loan to value ratios.