Results 1 to 7 of 7
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11-22-2013, 01:06 PM #1
- Join Date
- Aug 2013
- Location
- Pittsburgh
- Posts
- 20
Anyone Doing Asset Based Lending on Land?
We had a company looking to borrow a lot of $ against land. They own the land and are guaranteed 40% payback by the city upon completion of the project. Just wondering if anyone does asset based lending on land?
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11-22-2013, 01:10 PM #2
- Join Date
- Jun 2013
- Posts
- 195
What state is it located in?
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11-22-2013, 01:46 PM #3
- Join Date
- Aug 2013
- Location
- Pittsburgh
- Posts
- 20
It's in Kentucky on the waterfront looking across the river into Cincinnati.
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11-22-2013, 01:47 PM #4
- Join Date
- Aug 2013
- Location
- Pittsburgh
- Posts
- 20
They claim it's worth $80 million and looking for basically a construction loan.
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11-22-2013, 01:55 PM #5
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11-22-2013, 02:43 PM #6
- Join Date
- Jun 2013
- Posts
- 195
We lend in Kentucky. If they have a business we can lend to the business in Kentucky and use the land as collateral. We would need proof of how much they owe against the land and how much it's worth? If they don't have that information it would take us a few days to get it.
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11-30-2013, 01:19 PM #7
- Join Date
- Nov 2013
- Posts
- 4
Our firm may be able to help with asset based lending, if interested Commercial Loans
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