Looking for a Cash Out Refi 50% LTV in California

[Giavonn R.]

Hello everyone,

I am looking for either private money or conventional financing on a 37 acre ranch in Lake County California.  It is free and clear and I need to make some improvements on the ranch and another property in Hidden Valley Lake, plus have cash on reserve.  I am looking for about $125K. - $150K. Value is between $279K - $315K conservatively based on recent fires in area. My credit is 700+ and income will come from the property. I have self-employed income as well.

I am looking for the lowest payment as possible for about a 2-5 year term or a 30 year no prepayment penalties.

I also thought about getting a HELOC, but I was told that was for only owner occupied properties.

Please share any creative plans or options you have for me.

Thanks,