suvguy01
Jan 17 2006, 02:36 PM
I own a 33 acre piece of farm land valued at aproximately $100k. I'm looking to borrow against it, and would like to know who loans the most money on a piece of property like this. It is not my primary residence, and has very little improvements on it. Thanks, Alex
Commercial LO
Jan 17 2006, 04:05 PM
That's a pretty small loan amount for anyone except a local bank. Depending on your overall financial strength and credit, you are likely to get 50-60% LTV.