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
Bressi Ranch housing project gets the OK
By Steve Puterski After a marathon session of presentations, discussions and remarks from the public, city council approved on Tuesday a controversial project in Bressi Ranch. After nearly four hours
Horton Picks Up 20 Lots in West Hills
DR Horton acquired 20 unimproved lots in the West Hills section of the San Fernando Valley. The lots will average approximately 5,000 square feet in size with home sizes averaging
18 Acre Infill Site Acquired by Shopoff Land Fund II
INGLEWOOD, CA-Shopoff Land Fund II has secured $22.5 million in equity and debt financing to acquire and entitle an 18.6-acre infill land site in Inglewood, CA, The financing covered 82%
