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
Land Entitlement Is Only Becoming More Challenging
By Kelsi Maree Borland From CEQA lawsuits to anti-development legislation aside, land entitlement in Los Angeles is becoming more and more challenges for developers as land prices skyrocket and availability
CAA Opens Homes in Winchester
CalAtlantic Homes on Saturday announced the Grand Opening of Sunrise at Morningstar Ranch in Winchester, CA., offering family homes in the popular Morningstar Ranch community and the Temecula Valley Unified
Zephyr Closes on Dana Point Parcel
Zephyr Partners, a San Diego-based developer, closed on a nine-acre property in Dana Point adjacent to Doheny State Beach and Dana Point Harbor. The estimated purchase price was $50 million.
