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Private & Hard Money Loans For Land |
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Financing In Los Angeles and Southern Califoria with Private Money LoansToday's challenging real estate market makes it harder than ever to secure financing for land. We are a direct private money lender funding land loans in the greater Los Angeles area, as well as other parts of southern California. We understand the pain you have been going through to finance your land loan, and we are here to help. We have private investment capital to fund land loans. We prefer land that is in major metropolitan areas, but, we will entertain land loans off the beaten path, should the loan to value be attractive. The reasons why are mainly due to the fact that if a lender were required to foreclose on the property, it would be tough for the lender to sell the property. Secondly, land rarely generates rental income. Compare this to a commercial building that generates rent, and you can see why a building would be more desirious than land. Should a lender be forced to foreclose on land, it will take a long period of time to sell. In short, land is not a desirable asset at this time for a bank or lender to carry on their books. That being said, Private Money Bankers has relationships with both conventional and private investors who lend on land. The rates are higher than a normal loan, and the loan to value ratios are lower than other types of property, but, financing can still be secured. Let Private Money Bankers Fund Your Land LoanPrivate Money Loans Has Financing Available For:
Conventional and Private Money Loans are Available for the Following:
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Private Money Bankers 409 Bryant Circle, Suite B, Ojai, CA 93023 Phone: 805-754-1859Email: DonaldTimms@gmail.com
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