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LOANLORD56
48 Posts |
 Posted - 08/04/2008 : 12:39:26 PM
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DOES ANYBODY KNOW OF A HAR MONEY LENDER THAT WILL LEND ON RAW LAND? IF SO PLEASE LET ME KNOW. I HAVE A CLIENT WHOM HAS A PIECE OF RAW LAND THAT HE WOULD LIKE TO CASH OUT O...IT IS FREE AN CLEAR FROM ANY MORTGAGES.
THANKS
LOANLORD56 |
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jloans2003
200 Posts |
Posted - 08/04/2008 : 12:47:48 PM
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| we can go 50 ltv if that works...where is property? |
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stonebridgecapit
21 Posts |
Posted - 08/04/2008 : 12:48:24 PM
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Loan Lord,
While it is possible to fund raw land, it is really going to depend on the asset, and the exit strategy. Raw land with residential entitlements is very difficult right now but raw land for future commercial developments are possible.
If you like we can look at the asset for you.
Regards,
Cameron Lamont |
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KIE
22 Posts |
Posted - 08/04/2008 : 9:27:42 PM
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| I am interested in financing your deal I can lend up to 50% ltv. Email me details to draikp@yahoo.com |
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waynepbright
3678 Posts |
Posted - 08/04/2008 : 10:14:09 PM
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Check: Vanderbilt Mortgage |
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dkendall1979
10288 Posts |
Posted - 08/04/2008 : 10:15:29 PM
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That's a name I haven't heard in a while. Good Call.
Also, www.meecorp.com They're the only lender I've closed a land deal with. Avocado Farm and a Truck Stop in Calexico.
quote:
Originally posted by waynepbright
Check: Vanderbilt Mortgage
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waynepbright
3678 Posts |
Posted - 08/04/2008 : 10:25:28 PM
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Actually Dave, I've hear a lot about Meecorp as well and that's a great recomendation! |
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aaron1976
631 Posts |
Posted - 08/05/2008 : 02:01:36 AM
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| Someone actually funded land in Calexico...wow!! |
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brandie
3260 Posts |
Posted - 08/05/2008 : 07:05:16 AM
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| Meridian |
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