Patch of Land's Mid Term Offering is a 24-36 month product that we're offering to investors who are looking to invest in stabilized properties.
With a 6 month prepayment penalty in place and project rented or in rentable condidtion, Mid Term properties give our investors
returns of up to 11%, over longer periods.
Our new 24 to 36 month investment offering provides customers with 6 Month Prepayment Penalty.
Compared to our 12 month offerings, our Mid Term Product has a longer loan term often with lower LTVs: investments are typically less than 75% LTV.
You'll have more ways to diversify your Patch of Land Portfolio with stabilized properties that are either rented or in rentable condition. Choose between investment offerings that vary in duration and rate
24-36 Month Loans on Stabilized Properties: No rehab needed and properties are either rented or in rentable condition.
Short Term Loans |
Mid Term Loans |
|
Project Type | Single Family Residential Multi Family Residential |
Single Family Residential Multi Family Residential |
Loan Amount | $100,000 to $3,000,000 | $100,000 to $3,000,000 |
Loan Term | 1 to 18 Months | 24 to 36 Months |
Investment Return | Up to 12% | Up to 11% |
ARV | Up to 70% | N/A |
LTV | Up to 80% | Up to 75% |
Lien Position | First | First |
Backed by Personal Guaranty* | ✔ | ✔ |
Approved Exit Strategy | ✔ | ✔ |
Nationwide Reach | ✔ | ✔ |
Close in as Little as 7 Days | ✔ | ✔ |
Renovation Financing | ✔ | ✖ |
Tenants In Place* | ✖ | ✔ |
Stabilized | ✖ | ✔ |
Short term investment offerings provide customers with attractive rates by giving them exposure to residential and commercial development projects by seasoned real estate professionals. Most of these projects need to be renovated before borrowers can fulfill their exit strategy (sell or hold and refinance).
The project risk associated with these offerings can be high, but is balanced with a high rate of return. Conversely, investors can mitigate project risk and diversify their portfolio with our Mid Term Product. This product provides customers with investment opportunities in stabilized residential projects with no renovation. Mid Term investment offerings are backed by loans on potentially cash flowing rentals with risk profiles featuring a LTV less than 75%, a personal guaranty and first lien position.*
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*Investments have a potential for loss of part or ALL of the investment capital. Investors must be able to bear the risk of losing their entire investment. This is not a recommendation of, or an offer to sell or as a solicitation of an offer to buy, any financial product. Investments are offered only via definitive transaction documents and the potential investor should read such documents carefully, including all of the risk factors relating to the investment, before investing. Real estate investments involve a high degree of risk and investors who cannot afford to lose their entire investment should not invest. Patch of Land’s real estate investments are “private placements” of securities, and are illiquid. Investors who cannot hold an investment for the long term should not invest. Investors should consult their own attorney, tax advisor, accountant and any other professional to determine whether or not to invest. Investments are secured by a personal guaranty unless otherwise noted. In some scenarios the investment may not have a tenant in place, nor be cash flowing.