All Forum Posts by: Carlo C.

Are there any lenders that can close SFH in land trusts? I know a lot of them can do living trusts but I have not found any lender that can do actual land trusts.

Thanks,

Carlo

@Eric Schleif My loan size will be in a $2-2.5m range. A lot of lenders consider anything less than $5 is small. I got a quote for 75% LTV close to 10% which is close to a hard money loan.

@Account Closed I don't want to leave any trace of my name being associated with any property in public record. That can stop a lot of troubles.

Many books that I read have mentioned about making an apartment deal with a 80-20 loan structure. Some of them even suggested the 20% down can be using private money and some could be carried back by the seller. I poked around some commercial lenders recently. Most of them cannot go beyond 60 LTV. I only found one that can do 75 but the rate is super crazy. Any updates on lenders that can still do 80-20?

@Shannon Wright Thank you very much. I already gave  your number to my lender. She will call you soon.

@Shannon Wright My other concern is also sometimes the lender would record the note with my name on it. Is it something that a title company can control? If they record the note, that really defeats the purpose of using a land trust.

@Shannon Wright Can you forward me your contact info? My loan broker will call you for a few questions.

@Shannon Wright

I live in the bay area. I plan to acquire a SFH in El Dorado county (South Lake Tahoe). Do you have an office here?

Hi there,

Is there any title companies in that bay area that insure titles in land trusts? I have talked to Chicago Title and Old Republic. They are not familiar with land trusts. Actually, I could turn around and change some wordings in the trusts to make them living trusts but I want them to be specific without second guessing down the line.

Thanks a lot.