[Sachip24]

any lender in the real estate space fund on raw land? merchant owns 9 separate lots. One of the lots has a property on it which is also owned free and clear by merchant as well. Credit is bad so more then not will have to go hard money is that is possible.

[WBL California]

I can help get this done. We loan up to 50% LTV on vacant land. The free and clear property could get as much as 75% LTV. Do you have an idea of the value? Available equity and cash flow are the only two things we concern ourselves with, so credit doesn't really matter.

[omegafund]

Location location

[Sachip24]

Location location

Some in Michigan 2 and the one with the property the rest of in Illinois. all together worth about 1.5mill

[Karen37a]

Hard money can step in but I do not think they will do a blanket lien against all properties.( and value correctly *) They have to be separate.

See if they had a "perc test" done and also if they are willing to do a BPO ( and pay for it)....sometimes that separates the wheat from the chaff

Also, find out of they have any structures on it ...even an "outhouse", makes a difference to some.

[Jstarr]

If it had structures i would be very interested but not on raw land, and WBL is a bad choice for Real Estate deals,

Call me, ill give you the number of someone that would do this deal and give you Interest only monthly payments. not Daily or weekly.

[ChuckM]

David Rabouin is the real deal. I highly recommend him and his work.

[Allrise]

any lender in the real estate space fund on raw land? merchant owns 9 separate lots. One of the lots has a property on it which is also owned free and clear by merchant as well. Credit is bad so more then not will have to go hard money is that is possible.

We would be interested in discussing. Give us a shout when you get a moment. Number is on our website. Thanks!

[dpFund]

I can fund on raw land. In fact, I have a raw land deal on its way to closing for $15MM.

BUT...the raw land needs to be revenue producing. The deal above I just described is growing soybeans. Not a structure in place...but the revenue is there.

I can sometimes fund against raw land if you have an experienced contractor and he is in the process of building it out to sell/rent.

Raw land is definitely tough...but there are ways to get it done if it can be supported by revenue.

The dry, dusty land in the middle of nowhere with no associated revenue is not going to fund, however.

Feel free to reach out and discuss.

Best,

Dan Page
Direct: (303) 938-8280
dan@boulderequitypartners.com
www.BoulderEquityPartners.com