Hard money loan, Raw land
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  1. #1
    Member Reputation points: 13
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    New York
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    Hard money loan, Raw land

    Are there any lenders that will do a hard money loan on raw land in a rural area? I have a recent appraisal. Debt to value is low.

  2. #2
    Senior Member Reputation points: 19113
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    Jul 2014
    Location
    Jackson Hole Wy
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    745

    State?
    It all depends on location , use of funds, entitlement status, exit plan and other details

  3. #3
    Member Reputation points: 13
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    State is Arizona, rural location by interstate. Pm for more info

  4. #4
    Senior Member Reputation points: 111969 Olderguy's Avatar
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    Sep 2021
    Location
    Irvine, CA
    Posts
    2,791

    I have one guy that might.....need an exit strategy and it should be close to population even if rural.

    Get me this....mimimum loan amount $150,000 - remember it is 30% - 50% LTV.

    Is it shovel ready for development by chance?

    Borrower:

    Property Address:

    Property Type: land

    Loan Type: REFINANCE

    Loan amount Requested:

    If Refinance - Purchase Price / Purchase Date / Mortgage Balance

    Purchase Price / Market Value:

    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.

  5. #5
    Senior Member Reputation points: 19113
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    Jackson Hole Wy
    Posts
    745

    Quote Originally Posted by Southern_Funding View Post
    State is Arizona, rural location by interstate. Pm for more info
    Not interested in land in AZ. best

  6. #6
    Member Reputation points: 10
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    Sep 2022
    Location
    Lakewood, NJ
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    57

    Yes. I think it's like 12+3

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