I have request for a very large loan on vacant land.

The borrower would like to find 100% financing.

Understanding that much more information is required, what lenders, if any, would lend to a hypothetical perfect borrower.

Also, I have several foreign nationals looking for high ltv land loans. Anty info on these would be appreciated!

Thanks for any and all information!

Please respond to: deborahdawson44@yahoo.com

The LTV depends on whether this is commercial or residential use. Remeber this is a commercial forum.

Commercial land loans are generally no greater that 65% LTV with an exceptionally strong borrower.

The onlyway to get 100% is to have the seller hold the entire note.

What do you mean by having the seller hold the entire note?

What do you mean by having the seller hold the entire note?


It means that you need to convince the seller to finance the full amount of the purchase.

Gotcha...

I am a broker in SC and I can get 100%financing for strong borrower. I don't know where else they offer this .

I specialize in raw land acquisition, development and construction deals. However I am capped out at 65% LTV. I could consider up to 75% LTV with the boorwer bringing 25% of their own money to the closing.

Is there not an option for secondary financing or a seller carry back? Most of the land deals we do have the seller holding a second on the deal. Especially when they are getting 65% of the cash in hand.

Call or email me for more information and to discuss the details and possibilities.

-Much success...

Teresa,
I am a broker in Florida. Can you provide info on the lender for the 100% financing?
Thanks.

Hi, Have you been able to obtain the informaiton on the lender that finance 100% on land purchases? If so, can you provide me with the information, please?

Must be a fairy tale. For children.

century bank does 100% on land

res. only full doc

I agree with "commercial LO" ...100% does happen but its very rare & when other assets are tied in. Non-US citizens can be involved if their have free and clear assets in the US or if usually are minority holders in an LLC etc.

[b]THE ONLY WAY WE COULD DO THE 100 % IS WE DO AN EQUITY PARTICIPATION.
AND IF NOT I CAN DO 65 % WITHIN FEW BUSINESS DAY.

RAMAN KANDOLA
WWW.KANDOLAMORTGAGE.COM