Results 1 to 4 of 4
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08-02-2023, 11:27 AM #1
Small Land Loan Under $100K @ 50% LTV - Borrower w/ Crappy Credit
Which lenders can do it? The property is in CO
FICO is low to mid 500s.
Property Free & Clear
Please PM, text, email me direct (those of you who have my email)
Thanks
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08-02-2023, 11:32 AM #2
- Join Date
- Feb 2017
- Posts
- 3,455
On these files I just say "sorry, can't do it" and walk away. The amount of effort that goes into these things is not worth the ROI. The correct answer is: nobody.
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08-02-2023, 11:40 AM #3
What's the use of funds?
I have one guy who might consider it.
Send me address, Fico, zoning, use of funds.
And exit strategy.
And can they cross collateralize.
If anyone can do it, it's a courtesy deal by them.
Would have to be $100K at 50% LTV which would be $200K value
Anything less than that then what Micah said..."pass".Last edited by Olderguy; 08-02-2023 at 11:42 AM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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08-04-2023, 09:42 AM #4
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