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
543 new homes in Lake Forest: The builder’s story
Meet the chief of Landsea Homes, making its first mark in local homebuilding in the rugged foothills of Lake Forest.
Newport Beach Expected to Yank Banning Ranch Approvals this Week
The Newport Beach City Council is expected to vote to vacate all approvals for the Newport Banning Ranch project
Low Lot Supply an Issue for Builders
62% of builders reported that there was a shortage of developed lots in the markets in which they operate according to a National Association of Home Builders survey conducted in
