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mldoo7
45 Posts |
 Posted - 08/05/2008 : 10:43:42 AM
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Hello,
My scenario is as follows, any help would be greatly appreciated:
N.Y. Lot Loan-Suffolk County
Refinance/Cash Out
Stated/Self Employed
4.5 Acres
All Zoned Residential
Owns Property for past 10-15 years
No Mortgage on Property currently (owns free/clear)
Taxes are $5,000.00 annually
Valued @ approx. $1.5mil - $1.8mil.
Looking to take out loan of $1mil-$1.1mil
Wants some kind of Fixed Loan maybe even I/O
If you need any other info please feel free to get back to me via email or on my cell number below.
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calnat
25 Posts |
Posted - 08/05/2008 : 2:18:00 PM
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| Will this land be developed, or do your clients just want a cash out on the land. What are the intended use for the land? Please let us know, we may be interested in helping you. |
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mldoo7
45 Posts |
Posted - 08/06/2008 : 1:26:05 PM
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| He just wants the cash out for a business venture. he has assets totalling about 25k and it is all zoned correctly at R-1. No electrical or anything like that yet. Owns free and clear. i really need a lender for this with a decent rate! can you help, if so you can reply back to this or call my cell @ 201-403-6587 |
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