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All Forum Posts by: Rebecca Malicoat

Rebecca Malicoat has started 3 posts and replied 4 times.

I have a term sheet from North Prime Lending, but I have never used them.  Has anyone had any experience with them?

Post: Land loan for 45 acres

Rebecca MalicoatPosted
  • Posts 6
  • Votes 1

Purchase price is $250,000 - will probably appraise for closer to $400,000.  Plan is to hold for a couple of years then subdivide.  Not sure of the timeline - contract is not in place yet, so there’s time.  

Post: Land loan for 45 acres

Rebecca MalicoatPosted
  • Posts 6
  • Votes 1

Does anyone out there have any lenders for 45 acres in Mississippi?

I am looking to get a LOC against my portfolio of 12 rental properties that are owned free and clear. I am struggling to find any lenders that will do a line not a term loan. Anyone out there have any contacts they can provide?