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  1. #1

    Hard Money Land Deal in New York

    We have a merchant who owns land in Douglaston Queens worth $1.1MM and has good credit. He is looking for $300k and willing to leverage the property. Let me know of any hard money lenders who can handle this land deal. The merchant is also the owner of a pizza place in NYC that does 100k/mo currently and was closed in July.

    funding@upwisecapital.com

  2. #2
    Senior Member Reputation points: 39157
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    Does he own the location where the pizzeria is? That would probably be better. Land is tough but if its paid off then he has a case. You're looking at 7-10 days even moving fast. I only have 2 sources who would look at it.

    Steven Ruiz
    Presto Prestamo, LLC
    786-712-4900

  3. #3
    Senior Member Reputation points: 7232 NationalCorporateData's Avatar
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    If this is strictly undeveloped land, it can likely get 30-35% LTV on a hard money deal. Are there any structures on the land? Including property would open more outlets, if available.

  4. #4
    give me a call 310-388-4994. i can potentially fund it

  5. #5
    Can fund this with a personal loan product. Term is 3,5,7 years with no prepayment penalty. Credit score of 680 across all three bureaus with and income of $30,000 per year. No upfront fees or hidden fees.

    Michael Cooper

    michael@2getfunded.com

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