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Financing in Echo Park : Real Estate Advice

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Fri Jun 12, 2009
Yanni Raz answered:
It will not be easy to get a construction loan these days from any bank specialy for manufactured home.
You could go hard money, but it will still be hard to get a hard money investor to help you there unless you have very strong income, assets and equity in the property.
To purchase a vecant land you will need to put more then 20% down at least.

I hope you can find the right broker for that, if you want me to refer you some hard money lenders I will.

Good Luck.
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