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Updated about 8 years ago,
Lending with land trusts
Hi: I have been lending on flips in Virginia and have an investor I would like to work with who titles his properties in land trusts. The borrowers I work with title their properties in LLC's. Does anyone 1) Have any advice for me on how to lend to a borrower using a land trust? 2) Know of a competent attorney in Virginia who is familiar with land trusts or provides loan docs for lenders who lend to borrowers who title in land trusts? Would greatly appreciate any feedback as I would really like to work with this investor.