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04-02-2020, 01:43 PM #1Senior Member
Reputation points: 1026
- Join Date
- Oct 2012
- Posts
- 145
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
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04-02-2020, 03:22 PM #2Senior Member
Reputation points: 19126
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 746
Hard money is all about location. City and state?
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