Looking for a hard equity lender who will loan on land only in Florida. Property is zoned agricultural. Looking for 50% LTV. 2 parcels - one is 10 acres and the other is 12 acres. Borrower says property is valued at 41K per acre.
Any ideas?
Palm Beach Gardens, FL
Cheryl, Where is the property in Florida? I may have a lender/investor for you
Jan 14, 2008 05:48 AM
SMP Mortgage, Inc - Plymouth, MI
Mortgage Loan Originator NMLS#276668
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SMP Mortgage, Inc - Plymouth, MI
Mortgage Loan Originator NMLS#276668
Ken,
Sheesh...I didn't think of that LOL. I gave you info to my boss...it's his deal. Hopefully he's called you by now.
Jan 22, 2008 11:46 AM
Saint Petersburg, FL
Florida Appraiser & Licensed Real Estate Broker
Cheryl, If you have not found a hard money lender for land yet I may have a source for you. Feel free to contact me.
Jan 24, 2008 03:32 AM
SMP Mortgage, Inc - Plymouth, MI
Mortgage Loan Originator NMLS#276668
David,
thanks so much. I am actually asking this question for a colleague, so I will contact you if they haven't found a lender yet.
Jan 26, 2008 10:39 PM
Rainer
36,063
36,063
Cheryl Hale
Mortgage Loan Originator NMLS#276668
Comments(6)