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Updated almost 8 years ago on . Most recent reply

Sherrell Echols's profile image
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Sherrell Echols
  • from Valdosta, Georgia
  • Member since Mar 8, 2017
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Sherrell Echols's profile image
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Sherrell Echols
  • from Valdosta, Georgia
  • Member since Mar 8, 2017
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Sherrell Echols
  • Valdosta, GA
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Private Lending & Conventional Mortgage Advice

Need help question about funding for a deal

Sherrell Echols
  • Valdosta, GA
Posted
How does one find a bank to finance a property that has mineral rights in Florida? The banks won't finance because of the mineral rights. Is there something else that can be done?
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Joshua Fulenwider's profile image
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Joshua Fulenwider
  • Rental Property Investor
  • from Greeley, CO
  • Member since Feb 23, 2017
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Joshua Fulenwider's profile image
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Joshua Fulenwider
  • Rental Property Investor
  • from Greeley, CO
  • Member since Feb 23, 2017
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Joshua Fulenwider
  • Rental Property Investor
  • Greeley, CO
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Joshua Fulenwider
  • Rental Property Investor
  • Greeley, CO
Replied

@Sherrell Echols  mineral rights in my area enhance the value of properties but we don't typically appraise for them separately or figure them into the loan or lending decision.  What have you been told by the banks you've talked to?

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