Characteristics of Land Loans
Chuck Salas, with private lender Seattle Funding Group, discusses what borrowers of land loans should be aware of. Among the characteristics of land loans that borrowers should be cognizant of: low loan-to-value rations, higher interest rates, heavy bias towards strong sponsors and focus on entitled / ready-to-go parcels.
About author
You might also like
Luxury ‘Barefoot’ Condos Break Ground in Dana Point
San Diego-based Zephyr broke ground on South Cove, a 168-unit, luxury condominium project in Dana Point, CA. The development is the company’s first in Orange County, and is scheduled to
First Look At 21 Small-Lot Homes To Be Built Next To Barnsdall Park
By Bianca Barragan We’re getting a look at a new complex of 21 small-lot homes that’s in the works for a site at the corner of Hollywood Boulevard and Berendo
Trumark Takes Down Wallis Ranch
Newport Beach-based developer, Trumark, closed on 184-acres in Dublin, CA for approximately $200M. While the transaction is a Northern California land deal, it is worth noting as one of the
