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Updated over 1 year ago,
Need To Borrow against House That Is paid Off
Asking for a friend.
He is looking to mortgage is 20 acre home short term to borrow some working capital.
Assuming the terms:
$200k loan (ranch is worth $1.6 million and is paid off)
6-9 months.
Are there private lenders that can help? if so please recommend. Thanks.