[John Pedersen]

Looking for a commercial land loan on a property worth approx $10M client would like 60-70% LTV based on appraisal and value of land only. The income does not support the loan and would need interest escrow most likely. Appraisal should be complete by Monday June 1st. we need to move quickly because of bank payment issues and tax liens. PM or reply

[John Pedersen]

also, I've seen some posts for asset based lending on land. Would this be a possible avenue or commercial loan? how would an asset loan work in this situation? if at all?

[Miller192]

We are primarily a commercial mortgage brokerage and I'm just going to give you some friendly advice here. Take it however you want it.

Most lenders, be it conventional or alternative, are going to heavily discount a land appraisal. Particularly if its a cash-out refinance. You can take the appraised value and lop off half of the value for lending purposes. Lenders don't want land as collateral.

Secondly, If the land is clear of any mortgage, I don't know any lender who is going to give someone 6-7 million dollars in cash for a non-income producing piece of land. That type of lending just doesn't exist

If the land has some sort of current use, it might warrant a further conversation but if it's raw just walk away.

[nmanapat]

Looking for a commercial land loan on a property worth approx $10M client would like 60-70% LTV based on appraisal and value of land only. The income does not support the loan and would need interest escrow most likely. Appraisal should be complete by Monday June 1st. we need to move quickly because of bank payment issues and tax liens. PM or reply

Shoot me an email and talk nathaniel@instafundllc.com

[North Coast Financial]

Would be very surprised to hear if anyone funded a land loan with an LTV this much above 50%.

It seems that land loan investors are few and far between these days.

Jeff
North Coast Financial
northcoastfinancialinc.com

[omegafund]

We have funded millions of hard money land deals most are placed at 40% up to 60% smaller lots and under 1Million. For the dollar amount and most likely size of the land you would get 40%.
What is the state and land size acreage?
If he would entertain 40% fast closing contact me.

info@omegafund.com

Looking for a commercial land loan on a property worth approx $10M client would like 60-70% LTV based on appraisal and value of land only. The income does not support the loan and would need interest escrow most likely. Appraisal should be complete by Monday June 1st. we need to move quickly because of bank payment issues and tax liens. PM or reply

[PBIGF1981]

looking for a commercial land loan on a property worth approx $10m client would like 60-70% ltv based on appraisal and value of land only. The income does not support the loan and would need interest escrow most likely. Appraisal should be complete by monday june 1st. We need to move quickly because of bank payment issues and tax liens. Pm or reply

info@pbigfunding.com

[Eric.DynamicCapital]

The guys at World Business Lenders could help out with this. They will go 70% LTV PM me ill send you a contact

[CpepeWBL]

What is the cash flow of the business like?

Chris Pepe
Vice President
World Business Lenders
Tel+ 1 212 293 8210