$230,000 Cash out loan on RAW LAND!

Posted by in Brian's Blog, Recent Closings, Tip Of The Week

Yes we do land loans at 30% LTV (normal properties are 60-65%).  This was a developer with free and clear property who needed some money for downpayment on another project and we got him some quick cash out against the unencumbered raw land he had in Texas.  We are fast too, we can typically close within a week of receipt of the appraisal.