Conventional Land Funding

[Keith Walker]

Does anyone know of a lender who can do conventional financing for land?

The loan amount is $1.5M.

Here is what I am trying to beat:

-15 amortization (client would like 20 if possible)

-rate is Pime minus .25-.50

-.1 pt. built into rate for my fees

-Interest Only payments for 1st 18 mos.

-Clients option to buy into another 18 mos. If needed (this shouldn't really
come into play as plans are already being drawn)

Keith Walker