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  • Loan on land - $120k

    Hello, i'm looking to borrow $120k on my land, in Colorado. Appraised at $535k, currently for sale at $580, owe $242k. Looking for a 24 month minimum term, 12% interest only, 12 months of interest payments placed into lockbox for payment draws. Not looking for mca-type lend. Just straight interest. Thanks.

  • #2
    I may be able to help you out.

    Keith Lloyd
    P - 773.830.4629
    F - 773.341.7493
    lloydmpfunding@gmail.com

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    • #3
      We specialise in collateralized business funding and will be happy to help you



      John Mason
      Direct: (347) 493-2754 | Fax: 800-709-6110
      Email : johnm@mycapitalfunding.com

      Our Website: www.mycapitalfunding.com

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      • #4
        If it's Raw Land - It's hard to find a 2nd Position Hard-Money ! The max Loan to Value in the market would be 50% LTV.

        With that being said - I think the best option here is to pay off the first mortgage and net some cash on top.

        I can present you an offer for free in less than 24 hours if you'd like.

        Thanks,

        Amine Najmeddine / (212)271-8273 / anajmeddine@wbl.com

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        • #5
          If you haven't found a solution outside of mca's, call me, and i'll give you some contacts. True real estate lenders like ourselves offer monthly payments, with rates starting at 7%, not daily or weekly payments.

          Being that its raw land, it doesn't fit our wheelhouse, but I will help you find a home for this that makes sense for your customer that he will be happy with.





          Originally posted by jbrogan View Post
          Hello, i'm looking to borrow $120k on my land, in Colorado. Appraised at $535k, currently for sale at $580, owe $242k. Looking for a 24 month minimum term, 12% interest only, 12 months of interest payments placed into lockbox for payment draws. Not looking for mca-type lend. Just straight interest. Thanks.
          Last edited by Jstarr; 03-27-2019, 12:20 AM.
          Jerry Starr
          Insource Funding
          433 Plaza Real, Ste 275 Boca Raton, Fl 33432
          P: 800-805-3391 || Fx: 561-270-6895
          Jerry@insourcefunding.net || insourcefunding.net

          WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

          New to Debanked, Check out my DF profile.
          http://dailyfunder.com/

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