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06-10-2020, 05:34 PM #1
- Join Date
- Nov 2015
- Posts
- 64
82 acres of multiple raw land parcels owned free and clear. Hard money lenders?
I have a client that owns 82 acres of multiple raw land parcels in Arizona and multiple other raw land plots all owned free and clear. They're looking to do a cash out refi. Any direct lenders in something like this?
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06-10-2020, 05:53 PM #2
Sent you a PM
Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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06-14-2020, 06:37 PM #3
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06-15-2020, 09:13 AM #4
- Join Date
- Feb 2017
- Posts
- 3,334
WBL is not a hard money lender. They're a business loan using real estate as collateral. Very different product, very different underwriting, which also WILL make it more expensive considering it's for higher risk files.
However, if you're not in touch with Rob at WBL, then I feel sorry for the files that do need WBL. Team player, pleasure working with him, client was SO happy to get the product.Last edited by abfunders; 06-15-2020 at 09:19 AM.
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