Results 1 to 5 of 5
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03-26-2017, 02:58 PM #1
Reputation points: 10
- Join Date
- Jan 2016
- Posts
- 21
Texas Commercial Land Deal
A Texas business which owns several free and clear parcels of land is seeking $500k+. Main parcel is appraised at $1.8mm. The land and building is located on a cross section with other commercial businesses such as CVS pharmacy and other major retailers.
Looking for a term of 1-3 years at apr of 10%.
Our financial brokerage has several other land collateral financing opportunities.
Please message if interested.
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03-27-2017, 12:44 PM #2
Hello,
World Business Lenders is one of the only lenders that is currently utilizing land as collateral. I'd love the opportunity to speak with you and explain the merits of our product line -- we can structure excellent bridge/GAP financing deals for many borrowers.
I hope to speak to you soon!Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-27-2017, 12:55 PM #3
Reputation points: 16709
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 727
I am one of the few brokers who has funded millions in land loan in Texas. 1-3 year notes monthly payments. Rates 13-16%
LTV depends on location/size. If land is raw , entitled,build outetc. Find out what was original purchase date, purchase price, any fund put into land since purchase. Higher LTVs for smaller acreage land/lots land in larger cities and land over 5 acres in rural dont expect more than 30-40% LTV.
bzuniga@omegafund.comLast edited by omegafund; 03-28-2017 at 12:40 AM.
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03-27-2017, 01:24 PM #4
Reputation points: 5517
- Join Date
- Jun 2015
- Posts
- 22
i thought you guys dont do raw land deals anymore .
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03-27-2017, 06:26 PM #5
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Ben is a solid guy..
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