Financing in Austin Addition>Question Details

Ed, Home Buyer in Boerne, TX

Are there any hard money or private lenders in Austin,Tx for purchase of land need to close by Nov29th.? Ed Home Buyer Boerne, TX ..Yesterday,

Asked by Ed, Boerne, TX Fri Nov 5, 2010

- Financing in Austin -
I'm looking for a lender to fund my loan by the end of Novamber on an improved land.The land is purchased at a discount of 350K from the bank.I'm purchase in it for 1.1M.The previous owner also spent 1.2M on top of the purchase price. At what LTV or LTC any lender willing to finance this land? .Excvation done roughed in pads all in ,all the utilities into the pads and building permits in the city pending approval. short term loan8-12 months max. waiting for hud deal to fund the land and Construction. Need to close bu nov29th.Thanks

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I have a great hard money lender I use http:www// you can apply right online or call them at 5165268445
Web Reference:
0 votes Thank Flag Link Fri Nov 5, 2010
Hi Ed. Contact your local REIA group to find a hard money lender.

Robert Greenblatt
Keller Williams
0 votes Thank Flag Link Fri Nov 5, 2010
Ed - You need to let folks know how much YOU have in the deal. The lower the LTV - based upon a conservative valuation - the better your chances and terms.

Gerry Dunn
Associate Broker
Serving MD, VA and D.C.
0 votes Thank Flag Link Fri Nov 5, 2010
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