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metfin@yahoo.com
5 Posts |
 Posted - 02/22/2008 : 10:48:33 AM
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| Client needs to refinance 54+ acres of prime residential land appraises at 1MM. Looking for 65% LTV. Need to close by 3/15/2008. contact Lincoln or Catt. 817-299-9031 |
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KHufford
6019 Posts |
Posted - 02/22/2008 : 4:27:35 PM
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Pass on it...it will never get done.
Sorry
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kyzer650
44 Posts |
Posted - 02/22/2008 : 5:10:52 PM
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| 50% to 55% LTV tops. |
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mdiclemente
1016 Posts |
Posted - 02/22/2008 : 5:17:11 PM
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quote:
Originally posted by kyzer650
50% to 55% LTV tops.
I agree, but plan on 40%. Land is very tricky right now. If you need some lenders to talk to call me... I've got 2 of these in the works right now. And the answer to your next question is no, I'm not like the 9/10 people on here that will ask for a co-broker. My help is free... That's the point of this site. |
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KHufford
6019 Posts |
Posted - 02/22/2008 : 6:41:56 PM
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quote:
Originally posted by mdiclemente
quote:
Originally posted by kyzer650
50% to 55% LTV tops.
I agree, but plan on 40%. Land is very tricky right now. If you need some lenders to talk to call me... I've got 2 of these in the works right now. And the answer to your next question is no, I'm not like the 9/10 people on here that will ask for a co-broker. My help is free... That's the point of this site.
Yeah take the 1M value cut 20% right off the top.
800k quick sale value
Maybe can get 400k...but yeah still unless its an awesome locations, land ***** right now...
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