which banks are providing loans for land?

Asked by Karl Thompson, West Palm Beach, FL Fri Feb 4, 2011

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Carl Ashton’s answer
Carl Ashton, , Boca Raton, FL
Fri Feb 4, 2011

I have 31 banks I can broker to as well as over 1500 programs in house, no current programs are available for a straight land purchase.

I can do a 203K construction loan on a primary property as long as you dont own one already.
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Ray And Karen…, Agent, Mount Dora, FL
Fri Feb 4, 2011

Generally speaking you will need to work with a local bank on a portfolio loan.

Most of what we are seeing are loans with a balloon in one to five years with a fairly low loan to value.

If you have any questions I can be reached at 352-978-8551.

Based on your scenario I may be able to connect you to an investor.

Ray Levy
Coldwell Banker
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