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danland

11 Posts

Posted - 07/22/2008 :  2:47:40 PM
Is anyone lending on development land that is greater that 50% LTV? All I am finding is 50% or less LTV, based on a 6-month sale appraised value (fire sale/auction price), 12+% and way too many points. Thanks.
samwillsonbiz

188 Posts

Posted - 07/23/2008 :  09:29:32 AM
quote:
Originally posted by danland

Is anyone lending on development land that is greater that 50% LTV? All I am finding is 50% or less LTV, based on a 6-month sale appraised value (fire sale/auction price), 12+% and way too many points. Thanks.



Is it bare... or are there any cows / stuff growing on it?
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