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Updated over 2 years ago on . Most recent reply

User Stats

94
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21
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Julie Nealey
21
Votes |
94
Posts

Possible to refinance a land loan?

Julie Nealey
Posted

I am having a hard time finding a bank/lender, PML that will refinance mixed use undeveloped land, although I have held it for almost 4 years and there is considerable equity. Does anyone know of anyone that does this? 

Most Popular Reply

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916
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644
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Jonathan Taylor
  • Lender
  • Los Angeles, CA
644
Votes |
916
Posts
Jonathan Taylor
  • Lender
  • Los Angeles, CA
Replied

@Julie Nealey land is hard to find comparable values for so lenders shy away from the risk. HML at low LTV is the best option unless you know someone personally who would lend on it.

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