Rather than selling notes to private or institutional investors or taking on financial partners who may not have the same agenda. LandLine™ gives you the money to operate your business and hold the notes you create. Owning your own portfolio of notes is one key to building real net worth and future cash flows that go on and on.

This is not like any bank line of credit you’ve ever heard of simply because we at First National understand the land/note business. We will lend you all the money it takes to finance notes you’ve created – without requiring a dictator’s net worth to qualify. Land Developers interested in acquiring FNAC-NA’s unique LandLine™ simply need to fill out an application and provide financial information on themselves. Once accepted, a commercial checking account is then established with a national bank in your name. As you need cash for your projects you simply use your own checks.

A Land Developer can "jump-start" the Line with notes that he or she currently owns by putting them on the Line right away. These notes can then be borrowed against merely by calling FNAC-NA and giving us a one-day notice of his or her desire to borrow-instantaneous and paperwork-free funding. (Funding is always that easy when you have excess collateral on the line to support a draw for your next expense.)

For Land Developers who choose not to "jump-start" their Line with available notes at the beginning, notes are submitted as the land is sold and fundings typically occur on the same day. (This is weeks faster than sending packages to private or institutional investors!) We simply need to perfect our security interest in the note at the closing. Underwriting standards are easier and fundings are faster with LandLine because you own the note and "live with" the quality of the notes you create.

The interest rate charged and the percentage of the principal balance that FNAC-NA is able to advance vary with the type and quality of each note put on your LandLine™. We have designed the program to attempt to allow you to fund your projects and then have some funds left over to cover operating expenses.

All payments due on the notes in your Line are directed to FNAC-NA and held in escrow as they are received each month. At the end of each month, any fees and interest owed to FNAC-NA (or any principal amounts required to keep the Line within formula) are deducted from the money in your escrow account and the balance of that account is swept into your commercial checking account. The money in your checking account is, of course, yours to use as you please.

As your Line grows, notes can eventually be packaged in pools and sold to private investors, institutional investors, or held on the LandLine™ as it suits your purposes. For dealers not interested in selling notes at a discount, First National’s Pool Product is a natural fit.

With LandLine™, you can fund your business needs without the additional effort of having to find and negotiate with investors every time you need cash. Taking half the hassle out of every deal allows you to focus more closely on the most important part of the business-selling, and buying more land.

Some of the most respected land experts in the country are using LandLine™ to fund their projects. You should be, too!

Advantages  How it Works   Definitions and Terms  Guarantee   LandLine Schedule