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Updated almost 9 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • from Newport Coast, California
  • Member since Oct 6, 2015
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Newport Coast, California
  • Member since Oct 6, 2015
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Account Closed
  • Newport Coast, CA
1
Votes |
4
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Private Lending & Conventional Mortgage Advice

Land loan?!

Account Closed
  • Newport Coast, CA
Posted

Hi,

I'm in escrow on some land that I would like financing on. Anyone know of someone who does these type of deals. 

I'm aware of hard money loans ranging from 8-12%, ultimately I would like to be between 5-7%.

Good credit, have money to pay cash for the land but would prefer financing.

Any input is greatly appreciated!

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Isaac Blocher's profile image
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Isaac Blocher
  • Property Manager
  • from Orlando, FL
  • Member since May 17, 2015
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Isaac Blocher's profile image
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Isaac Blocher
  • Property Manager
  • from Orlando, FL
  • Member since May 17, 2015
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Isaac Blocher
  • Property Manager
  • Orlando, FL
58
Votes |
257
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Isaac Blocher
  • Property Manager
  • Orlando, FL
Replied

What are you plans for the land? Most of your borrowers are new constructions deals and they have already purchased the land with cash, then we finance their build. 

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