Unlocking the Potential of BIA Loans in Palm Springs
What is a BIA Loan? A BIA leased land loan is a unique type of financing secured by leasehold interests on Indian trust or restricted lands, managed by the Bureau of Indian Affairs (BIA). While many lenders shy away from financing leased land, Lantzman Lending embraces the challenge. With extensive experience navigating the intricacies of this loan type, we specialize in helping borrowers achieve their goals.
Recently, Lantzman Lending provided a $1,300,000 loan for a property with a purchase price of $1,050,000. This financing not only covered the purchase but also funded a renovation and small addition, enabling the borrower to maximize the property’s value. The result? A stunning mid-century modern remodel that sold for top dollar after just 30 days on the market—well below the average marketing time of over 60 days in Palm Springs for properties in this price range.
This success story reflects the seamless collaboration between the borrower’s exceptional design execution, thoughtful staging that perfectly complemented the mid-century aesthetic, and professional photography that captured the property’s essence. With our tailored loan solutions, we’re proud to help investors turn potential into profit.
Riverside County Overview
In Nov. of 2024, the Riverside County housing market saw a small decrease in single-family home prices with the median price dropping by a little over 1% to $628,000 according to the California Association of Realtors. From the graph below you will notice that Riverside County has been relatively steady for the past year with home prices rising seasonally in the spring/summer and falling slightly in the fall/winter. We are expecting to see more of the same in 2025. However, there are some headwinds in the form of interest rates that have not dropped as fast as expected, inventory that has been increasing in the County, and political change that will have effects that remains to be determined. Inventory in the Riverside market sits at about 4.5 months with is the lower range of healthy market, and the highest it has been in the last 12 months. We will keep a watchful eye on the markets as we progress through 2025.
Median Home Price Riverside County
Are you in need of a Fix & Flip Loan in Palm Springs, CA on BIA Leased Land?
Lantzman Lending Offers:
1. Fast approval and funding. Hard money loans can be approved and funded in just 5-7 days.
2. More flexible qualification requirements. Hard money lenders are less concerned with credit scores, focusing more on the property value and the borrower’s experience.
3. Ability to finance distressed or poor condition properties with same as cash offers. This ability is important as many opportunities do not allow financing due to seller or listing agent requirements.
4. Financing for purchase and renovations. We lend up to 85% of purchase and 100% of construction funds.
5. Competitive advantage. The speed of hard money financing can give investors an edge in competitive bidding situations, we allow you to make firm offers with our no appraisal process.
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