Land Development Loans
A land development loan, also known as a floor loan, is specifically tailored to real estate construction products that are intended to be occupied by tenants. The floor loan is the minimum amount a lender agrees to advance to enable the builder to commence development. On top of the floor loan, we may set up a draw schedule to release additional funds as progress is made on the construction.
* Sorry, Tompkins Lending does not provide financing on owner-occupied properties.
115 Liberty Pole Way,
Rochester, NY 14604