We are a full service broker out of California in need of assistance with a raw land loan in Idaho. This like all other scenerios this is a last minute, need to refi fast situation. Please let me know as honestly and quickly as you can how real it is to expect this loan to be done.
Borrower -
MID FICO - 677
Not able to show tax returns, but can show bank statements
Property -
Raw Land
Valued at 2.5 m-3m
Property currently listed
Previously had oil on land, but now has level 2 clearance
Loan Requested -
25-30% of value
No prepayment penalty
Interest rate no higher than 9%
Based on the scenario above, if this is something you can assist us with, please email me the guidelines and items that would be needed in order to complete this loan. Thank you for your assistance and I look forward to potentially working with you.
Respectfully,
Thomas Pike
800.951.7453 xt. 575
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