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Updated almost 5 years ago on . Most recent reply

User Stats

37
Posts
6
Votes
David Carbajal
  • Developer
  • Chino, CA
6
Votes |
37
Posts

Best advice to obtain land loans

David Carbajal
  • Developer
  • Chino, CA
Posted

Best place/source to obtain raw land loans?

I am working on securing a purchase of vacant land - 50% down and seeking a loan for the balance within 6 months.

Most Popular Reply

User Stats

106
Posts
57
Votes
Matthew Bailey
  • Wholesaler
  • Sunnyvale, CA
57
Votes |
106
Posts
Matthew Bailey
  • Wholesaler
  • Sunnyvale, CA
Replied

Hey Robert, I am a land investor and prefer to sell for cash.  So when I have buyers looking for owner financing here is the blurb that I give them, 

"I would suggest you check out lightstream, they can finance raw land purchases and I've used them before when buying. They're pretty easy to get a loan from. I'm not affiliated with them or anything but I know they could help you get financing and help me get a "cash" sale you know.

www.lightstream.com/land-purchase"

I have personally used them (I wouldn't give a suggestion like this without trying them myself) and it was as easy as applying for a credit card.  I applied online, they got back to me same day or early the next, and I got my funds wired to me in like 2-3 days.  I don't know how large of a loan you need but if you have decent credit and you need, say, less than 50k, I think you'll have no problem.

Best of luck!

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