How is financing with lenders looking for land acquisitions in todays current market?

In Buying Property - Asked by Saundra Lee A. - Nov 28, 2010
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Michael J.
Fort Lauderdale, FL

Not good. Land is the hardest property type to value as it is also the riskiest in terms of future value. Most lenders are NOT financing land in general. If it is a good parcel of land, interested lenders will typically do low leverage (<50%) and will likely require some form of recourse.

Nov 30, 2010
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Richard F.
Oceanside, CA

I've been looking for 2 years for raw land financing for my clients and the best I can find is 25-30% LTV, only if it's mapped. Ours are not mapped, therefore no loans. Good luck to you!

Dec 1, 2010
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