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  1. #1
    Senior Member Reputation points: 1018
    Join Date
    Oct 2012
    Posts
    142

    Hard Money Farm Land

    We have a client that has a 79 acre working farm land. The current appraised value is $450,00.00, and there is a note for $200,000.00 on the property. The client has been paying interest only at 18%.

    The client would like to take-out the secured position of $200,000 because of the high interest rate. The credit score of the individual is about 580.

    Looking at a hard money loan

    Howie Dane
    President

    Funding Sources for Business
    president@fundingsourcesforbusiness.com

    (847) 831-4118

  2. #2
    Senior Member Reputation points: 16709
    Join Date
    Jul 2014
    Location
    Jackson Hole Wy
    Posts
    717

    Hard money is all about location. City and state?

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