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Updated over 1 year ago, 03/24/2023
Need advice for obtaining a loan for commercial vacant lot?
Hi everyone, newbie here and trying to buy my first commercial vacant lot. Any suggestions on how i can get a loan?
Welcome to BP!
1. Check the “Build Your Team” option in the BiggerPockets menu and check out “Mortgage Lenders” under Vendors & Partners.
2. Run a search on Google for “commercial loans houston.” You’ll find several banks and companies offering commercial loan products.
3. Run a search on YouTube for “buying commercial land.”
I hope this helps.
I wish you all the best.
Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Pro Member
#3 Commercial Real Estate Investing Contributor
- Attorney
- Dallas, TX
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Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Pro Member
#3 Commercial Real Estate Investing Contributor
- Attorney
- Dallas, TX
Lenders are generally reluctant to lend on vacant land without cash flow. Do you have 2-3x net worth of the loan amount? what do you plan on doing with it? develop or flip?
NREIG
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