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Updated over 6 years ago,

User Stats

25
Posts
5
Votes
John Mimms
  • Campobello, SC
5
Votes |
25
Posts

Need a loan to pay off Raw Land to owner finanace.

John Mimms
  • Campobello, SC
Posted

I bought just over 36 acres in 2009  and have added a barn and infrastructure to build a home in the future but I have now decided to move from my current area. I have an offer of 500k on the property currently but the buyer needs to owner finance. I owe apprx 230k on the property and the buyer can put 100k down. My lawyer says we need to have the property free and clear to owner finance. I have decent credit but will be changing employers next week. I currenlty hold notes on three other properties that I am owner financing.   Does anyone have any idea where I can get a loan(130k) to pay off the note so I can unload the property? 

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