L-SEP Program – More Information
The L-SEP Program (Land Sale Equity Purchase Program) is a purchase option designed for landowners who want to unlock equity through the sale of land, not through borrowing, financing, or credit.
This page provides additional detail to help you understand how the L-SEP Program works and what to expect if you choose to explore it.

What the L-SEP Program Is
The L-SEP Program is a land purchase transaction.
Under the L-SEP Program:

• You sell your land to us in an initial sale.
• We become the owner of the land at closing.
• You receive a lump-sum payment based on available equity.
• After the land is sold to an end buyer, you receive remaining net proceeds, if any, as outlined in your L-SEP Program Client Agreement.

The L-SEP Program is not:

• a loan
• financing
• a mortgage
• a refinance
• a land loan
• a credit or advance product

There are no monthly payments, no interest, and no repayment obligation.

Types of Land That May Qualify
Depending on location, zoning, and marketability, the L-SEP Program may apply to various land types, including:

• vacant residential land,
• agricultural land,
• rural acreage,
• development parcels,
• subdividable lots,
• recreational land.

Eligibility is determined on a case-by-case basis.

Who the L-SEP Program May Be a Fit For
The L-SEP Program may be appropriate for landowners who:

• are planning to sell their land,
• want access to equity before a final sale,
• prefer a non-debt solution,
• own land that may take time to sell on the open market,
• want an alternative to traditional listings or land buyers.

The L-SEP Program is not intended for individuals seeking a loan or credit product or who wish to retain long-term ownership.

Existing Liens, Encumbrances, or Easements
Existing liens, encumbrances, or recorded interests do not automatically disqualify land from consideration.
Depending on the terms of your L-SEP Program Client Offering:

• liens may be paid off at the initial closing, or
• satisfied from sale proceeds, as agreed.

All treatment of liens, easements, or restrictions is clearly disclosed in writing before any closing occurs.

How the Lump-Sum Amount Is Determined
The upfront lump-sum amount offered under the L-SEP Program depends on multiple factors, including but not limited to:

• land size and location,
• zoning and permitted use,
• access, utilities, and infrastructure,
• market demand and absorption,
• expected holding and resale costs.

All evaluations are proprietary, and there is no standard or guaranteed amount.

Marketing and Sale of the Land
After the initial sale to us:

• the land may be marketed for sale to an end buyer,
• licensed professionals (such as land brokers) may be used when applicable,
• marketing timelines depend on land type and market conditions.

Land sale timelines can vary significantly and are not guaranteed.

Final Sale & Net Proceeds
When the land sells to an end buyer:

• sale proceeds are first applied to closing costs, third-party expenses, surveys, title work, taxes, development-related costs (if applicable), and agreed-upon fees,
• remaining net proceeds, if any, are paid to you in accordance with your L-SEP Program Client Agreement.

Net proceeds are the remaining capital left over after all costs, closing costs, charges, and fees, including third party charges and fees, are deducted, as are necessary or applicable (such as but not limited to appraisal, inspection, repairs, and repairs required/requested upon inspection by a licensed inspector), as outlined in your H-SEP Program Client Offering and H-SEP Program Client Agreement. Final proceeds may be higher or lower than estimates provided earlier.
There is no guaranteed outcome.

True Sale of Land
The L-SEP Program involves a transfer of ownership at the initial closing.

No Credit Evaluation
We do not evaluate:

• credit scores,
• income,
• employment,
• debt-to-income ratios,
• or ability to repay.

No Interest or Repayment
Because the L-SEP Program is not a loan, there is:

• no interest,
• no APR,
• no repayment schedule,
• no foreclosure process.

Independent Advice Is Encouraged
Land sales can involve zoning, tax, and development considerations. You are encouraged to:

• consult independent legal counsel,
• speak with a land or real estate professional,
• compare the L-SEP Program with other land sale options.

Proceed only if you fully understand the transaction.

No Obligation
Submitting information, receiving pre-qualification, receiving full-approval, receiving/reviewing an L-SEP Program Client Offering or an L-SEP Program Client Agreement:

• does not obligate you to proceed, and
• does not obligate us to purchase your land.

All transactions require an L-SEP Program Client Agreement executed by all parties and closing.

Next Steps
​If you would like to explore whether the L-SEP Program may be an option for your land, you can submit a request for review. We are available to explain the process and answer questions so you can make an informed decision.

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