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  1. #1
    Senior Member Reputation points: 752
    Join Date
    Apr 2014
    Location
    Chicago, IL
    Posts
    185

    Lot Loan Acquistion in Gulf Shores AL

    Hey guys: Trying to find someone who will do a lot loan for $350K purchase price with the borrower bringing in 40% down. Good credit (690).

    Anyone Do these?

  2. #2
    Banned Reputation points: 19
    Join Date
    Apr 2017
    Posts
    190

    We do lot loans. But the ltv is 50%, any possibility that do a seller finance for the rest of 10%? If yes, please contact us at 646-547-2105. Thanks.

  3. #3
    Noob Reputation points: 10
    Join Date
    Feb 2021
    Location
    New York
    Posts
    1

    Depending on the sponsor 40% down would be a possibility. Is there a construction aspect to this project as well?

    Feel free to call and discuss.
    Jeremy Dranoff

    Vice President

    Commercial Department


    US Mortgage Corporation

    NMLS # 3901


    201 Old Country Road, Suite 140

    Melville, NY 11747


    Fax: (631) 824-9378
    Cell: (516) 652-2826

    jeremy.dranoff@usmortgage.com

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