Need Lender for Unimproved, Raw Land in NY. 50% LTV Max Loan Amount Needed
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  1. 02-12-2019, 01:41 PM #1
    Fundyman
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    Need 1st Pos. Lender for Unimproved, Raw Land in NY. 50% LTV Max Loan Amount Needed

    Property is currently approved for subdivision into 55 units.
    1st lien amount on property: $240,000 to be paid off (of course)
    Property is 149 acres. Borrower also wants to purchase 50 acres next to his.

    Who knows a lender who does raw land deals without any of the nonsense?
    (Just as long as appraised values come in correct, they'll do the loan.)

    I need that lender ASAP, please.
    Last edited by Fundyman; 02-12-2019 at 04:26 PM.
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