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Where can I go to get a raw land loan? |
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Written by Kennedy Funding
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Friday, 05 January 2007 |
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Probably not a bank. The banks pretty much stay away from raw land. There’s simply no way to process raw land loans with a cookie cutter approach to lending, which is what banks are known for. The only way to evaluate a raw land loan is to get your hiking boots on, roll up your sleeves, and look forward to getting your hands dirty. What’s also necessary is to review reams of documentation, speak with city and county governmental authorities, and make decisions based on an assessment of various probabilities, with an underlying understanding that there are never any certainties when it comes to raw land development.
So who does that leave? In a word, the direct private lender. Or, more to the point, Kennedy Funding. Because as the number one lender in the raw land loan arena, we can loan up to 75% Loan To Value ratio on raw land – higher than practically anyone. And we can get you your money in the shortest possible time, with the least amount of headaches. And that’s the raw truth.
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