$230,000 Cash out loan on RAW LAND!

Posted by in Brian's Blog, Recent Closings

Yes we do land loans at 30% LTV (normal properties are 60­65%). This was a developer with free and clear property who needed some money for down-payment 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.