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Updated almost 5 years ago on .

Seyi A.'s profile image
Seyi A.'s profile image
Seyi A.
  • Flipper/Rehabber
  • from Chicago, IL
  • Member since Sep 10, 2018
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User Stats

59
Posts
11
Votes
Seyi A.'s profile image
Seyi A.'s profile image
Seyi A.
  • Flipper/Rehabber
  • from Chicago, IL
  • Member since Sep 10, 2018
Connect
Seyi A.
  • Flipper/Rehabber
  • Chicago, IL
11
Votes |
59
Posts
Land & New Construction

Residential Loan for a Ground Lease

Seyi A.
  • Flipper/Rehabber
  • Chicago, IL
Posted

Does anyone have any experience obtaining a residential loan for property on land you don't own but have a long term (>50 years) ground lease on?  For example, if instead of buying a vacant lot from the seller, I instead negotiate a ground lease (similar to commercial property) that would allow me to build residential units and have full control and use of them (including renting them out) for the term of the ground lease, where would one go to get financing for that?

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