Own the land.
Set your own terms.
First Acre finances Florida land the way it should be done: a fixed-rate note held by the lender who wrote it, a recorded deed in your name, and no bank standing between you and your acreage.
Land lending, the way it used to work.
Founded by Shaun Morgan, First Acre LLC is a private lending company built for one purpose: helping people buy vacant land in the Okeechobee area on terms a traditional bank won't offer. We underwrite the parcel and the buyer directly, carry the note ourselves, and close fast.
Every loan is fully amortizing, fixed-rate, and carries no prepayment penalty. Shaun is also a licensed Florida Realtor, so beyond financing, he can help you identify and evaluate the right parcel in the first place: one point of contact for finding the land and funding it.
Simple terms, no surprises.
12-15% Interest
Fixed for the life of the loan. The rate you close with is the rate you pay to the end.
40% Minimum Down
Every loan requires at least 40% down. That equity keeps your payment manageable and the terms fair.
Online Payment Portal
Make payments and track your balance from anywhere, no checks in the mail required.
No Prepayment Penalty
Pay ahead or pay it off early whenever you're ready. There is never a fee for it.
Terms up to 10 Years
Amortization schedules structured to fit your budget, up to a 10-year maximum term.
From parcel to deed in four steps.
Pick your parcel
Find land in the Okeechobee area, on your own or through Cox Realty.
Use our free land research tools →Get approved
We underwrite the parcel and structure a note that fits your budget.
Close & record
Title work is handled locally; the deed is recorded in your name at closing.
Make payments
Pay down a fixed-rate note with no penalty for paying it off early.
Estimate your monthly payment.
Adjust the numbers to see what a First Acre note could look like. This is an estimate only, not a loan offer.
Rates, terms, and down payment requirements are set at underwriting and vary by parcel. Contact us for an actual quote.
Shaun Morgan
Founder & Managing Member, First Acre LLC
Shaun founded First Acre on a simple conviction: owning land in Florida shouldn't require a bank's permission. As both a licensed Florida Realtor® and a private lender, he brings a rare dual perspective to every transaction. He knows how to find the right parcel, and he knows how to finance it.
A certified Project Management Professional (PMP®) and Six Sigma Black Belt, Shaun has spent his career leading complex, high-stakes projects with discipline and precision, the same rigor he applies to every note First Acre writes. Clients work directly with the decision-maker from first conversation to closing: no committees, no call centers, no waiting.
Rooted in Okeechobee. Invested in your first acre.
Let's talk about your parcel.
Tell us about the land you're looking at, or ask about current rates and terms. We typically reply within a business day.