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Updated over 18 years ago on .
Looking for lenders for LOTs and Land in New Orleans
Would like a lender to finance (Hard money) lots in New Orleans in the 2nd position so that we can put up Modular Homes. I have over 30 investors wanting to get in on this project....these investors have 680+ ficos and at least $20k liquid assets. We are going to do 5-10 homes a month.
The reason I'm looking for a lender in the 2nd position is there are no or I haven't found 100% LTC spec financing. But I do have a great lender in the 1st position that will allow 100% CLTC and all their programs are:
No Income Verification
No Asset Verification
No Debt Ratios Calculated
No Seasoning or Tracking of Funds to Close
No Prepayment Penalties
No Reserve Requirements
Low Fixed Rates w/Interest Only Payments
So if you are a hard money lender...... not a broker and would like to discuss this further please e-mail me at [email protected]