Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 month ago on .

User Stats

36
Posts
4
Votes
Gene May
  • Lender
  • PO BOX 201 Osage, MN 56570
4
Votes |
36
Posts

πŸ“’ Seeking Lender for Land-Backed Loan: $400K - $500K

Gene May
  • Lender
  • PO BOX 201 Osage, MN 56570
Posted

We are looking for a lender who can provide a loan of $400,000 to $500,000, secured against 22 prime lots with a current value of $800,000 to $900,000. These funds will be used to acquire a nursing facility.

Property Details:

βœ… 22 lots, ranging from 1.2 to 3.5 acres (total: 48.5 acres)
βœ… Lot values: $40,000 - $50,000 per lot or more
βœ… Land is free and clear
βœ… Road access and electricity available
βœ… Located behind the Lakeshore development, where lake homes sell for $500K - $900K
βœ… High-demand area with nearby resorts, full RV sites, and strong buyer interest
βœ… Public lake access runs alongside the property line

This is a prime investment opportunity, as the area attracts steady interest from buyers looking for private land near lakes and resorts. When we sold 8 nearby lake lots, they were all gone within 30 days!

If you’re a lender or know someone interested, let’s discuss structuring a deal. Serious inquiries only.

πŸ“© DM