Results 1 to 8 of 8
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10-17-2023, 11:43 AM #1
- Join Date
- Sep 2021
- Posts
- 190
Raw Land
I have a client that has raw land that he owns free and clear, paid $150K for it, anyone can handle this? He's looking for 100K.
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10-17-2023, 11:47 AM #2
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
Location would be helpful
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10-17-2023, 11:52 AM #3
50% LTV max land and doubtful that many lenders would be interested. I have a few but that would suggest $75,000 loan amount. And is it cleared or is it bushes and trees?
Lender will look at it for liquidity....if owner defaults, how quickly can the lender sell the land and recover their loan balance?
And Zoning...Ag, Rural, or ?Last edited by Olderguy; 10-17-2023 at 11:59 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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10-17-2023, 12:07 PM #4
Get me this:
Borrower:
Property Address:
Property Type:
Loan Type: PURCHASE / REHAB / REFINANCE
Loan amount Requested:
If Refinance - Purchase Price / Purchase Date / Mortgage Balance
Purchase Price / Market Value:
Rehab Costs:
LTV Requested:
ARV Requested:
Credit:
Experience:
Property Details: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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10-17-2023, 01:58 PM #5
- Join Date
- Sep 2021
- Posts
- 190
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10-17-2023, 03:36 PM #6
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
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10-17-2023, 03:42 PM #7
Local banks are your best bet, helps boost CRA rating.
The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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10-19-2023, 03:58 PM #8
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 476
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