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Land Loans
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   Questions from Mortgage Professionals-> Questions about Mortgage LendingMessage format
 
gibdu
Posted 8/12/2009 5:34 PM (#2013)
Subject: Land Loans
Posts: 1
Looking to get information on companies that do land loans. Have 22 acres in Colorado that is valued at $4.2M. Have a contract for sale with settlement 12 months out. All cash offer. Looking to borrow against the land until sold. Looking for roughly $1.5M to $2M. 19.2 of the 22 acres is buildable. Interested in seeing what is out there. thanks.
mobilehomelender
Posted 12/2/2009 4:41 PM (#2034 - in reply to #2013)
Subject: RE: Land Loans
Posts: 1
Location: All states
Land loans are not easy to lend on in the past 2 years. It may get better by the end of next year 2010.
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