Land loans - Posted by JoeS

import · September 19, 2001, 3:53pm

Posted by Anthony - OH on September 24, 2001 at 12:52:44:

I would be interested in knowing which wholesale lenders might give 25% LTV.

Thanks

import · September 19, 2001, 3:53pm

Land loans - Posted by JoeS

Posted by JoeS on September 19, 2001 at 15:53:27:

Question for Ed or anyone else…who does vacant land loans, either purchase or re-fi? Thanks in advance.

import · September 20, 2001, 10:14am

Re: Land loans - Posted by Ed Garcia

Posted by Ed Garcia on September 20, 2001 at 10:14:48:

Joe,

In most cases, land is financed by the seller.

For a lender to look at a land loan, they would look at it at 50% LTV if it’s in a metropolitan location. If it’s out in the boonies, 25% Tops.

Ed Garcia