Land Loan , In

LoanUniverse Community - Commercial Land Loan loanuniverse.com Help Search Members Calendar Welcome Guest ( Log In | Register ) LoanUniverse Community Community Forums Loanuniverse Forums Outline ·[ Standard ] · Linear+ Commercial Land Loan , In Miami Florida Track this topic | Email this topic | Print this topic Marnie1065 Dec 6 2005, 08:37 PM Post #1 Summer Intern Group: Members Posts: 1 Joined: 6-December 05 Member No.: 1,029 Hi everybody. I just found this website. I am looking for commercial loans. I have a client that owns 42 acres , it is zoned agriculture. It is a great location , next to a school and subdivision. He is looking to refi at the highest LTV possible. He does plan on building homes in the future or possible selling off individual lots. The land currently has a 2 million loan on it. The value is 6.5 million. He has owned it for 1 yr. It is actually a corporation of 4 and they all have great credit and tons of assets, their worth is in the millions They also want to purchase another piece of land for 12 million. Any ideas? Thanks -- loanuniverse Dec 7 2005, 09:27 AM Post #2 Administrator Group: Admin Posts: 1,089 Joined: 23-September 02 Member No.: 1 Is the $152M per acre value an as is value as agricultural land? Or an speculative value assuming a rezoning? Is it supported by actual sales? If the value can be supported, I am sure someone can be found to lend at least 50%. Depending on the adjusted net worth of the individuals, maybe significantly more. Many lenders are avoiding land right now in my market unless there is an existing relationship with the developer. I know that I would feel uncomfortable recommending a land loan unless the investors are experienced. -- lelting Dec 14 2005, 10:48 PM Post #3 Full-Time Teller Group: Members Posts: 13 Joined: 13-November 05 Member No.: 971 I can help you with the 12 million dollar purchase>I have private investors that will fund at 100 LTV -- LenderBuddy Dec 15 2005, 10:55 AM Post #4 Head-Teller Group: Members Posts: 23 Joined: 11-November 05 From: San Francisco Member No.: 968 If there are crops growing on the land or the land is zoned agricultural then we are talking agricultural land loan and that is a different beast. I haven't worked on one of them in a while but you need to speak with someone who specializes in ag loans. FarmerMac is involved in those transactions and I believe the LTV can go as high as 70%. Good credit and strong financial position are required. Drop me a personal message and I'll forward you the contact information of a guy who specializes in agricultural loans. He can give you all the information you need. -- « Next Oldest · Loanuniverse Forums · Next Newest » 2 User(s) are reading this topic (2 Guests and 0 Anonymous Users) 0 Members: Close Topic Options Track this topic Receive email notification when a reply has been made to this topic and you are not active on the board. Subscribe to this forum Receive email notification when a new topic is posted in this forum and you are not active on the board. Download / Print this Topic Download this topic in different formats or view a printer friendly version. Forum Home Search Help Community Forums |-- Loanuniverse Forums Lo-Fi Version Time is now: 29th December 2005 - 03:39 PM Invision Power Board v2.0.4 © 2005 IPS, Inc.

Florida Real Estate

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Land For Sale Page

Australia Land For Sale You are on the Australian Trade & Shipping web site www.australiatrade.com.au Local Time | Exchange Rates | Postage | Timetables | Bulletin Boards | Trade Terms | Advertise | Spiritual | Jokes | Holidays | Events | Classifieds Advertise on this site Buy Shelf Space Pay by Credit Card You are on the Land For Sale Page For Sale Farms Homes Houses Resorts Investment Legal Lawyers Solicitors Contracts Real Estate Contracts * Agency * For Sale/Sold * Option to Buy Domains Trade Products Classifieds Shipping Insurance Radio Tourist Land For Sale This page was last updated on Wednesday, 27 October 2004 06:43:37 PM Steel Frame Kit Homes | Eco-Village Houses | Emergency Homes Hello their, I am looking for information about farm/ranch land. I do not have any preference as to the location, but I am biased about the costs associated including cost of development of basic facilities. The basic purpose of this setup is cattle and horse breeding and some organic farming. Keeping these credentials in mind I would like to now what you have to offer in appropriate sized parcels of land. Thank you in advance for your indulgence. This inquiry came in 1st August you can send your inquiries by contacting us by clicking the doorman If you wish to list your property with us simply click the doorman and advise what you have, we will charge you a listing fee. SOLD on 28th July 2001 24 acres located in the Brisbane / Gold Coast area, suitable for farm, retreat, resort, 7 minutes to Shopping and Pub, 40 minutes to Brisbane International Airport: A$ 5000.00 per acre BUY through celestial@australiatrade.com.au use our Australian lawyers domain, click to Contract For Sale on Real Estate SOLD on 15th September 2001 31 clear mostly flat land located in Qld on NSW border, used for home stay accommodation, 2 titles, 2 houses,1 1/2 hours to either Brisbane or Gold Coast walk in walk out, power, phone A$520,000.00 see Farms for Sale Sold We have Two (2) quality blocks of Land For Sale in Brisbane, Queensland. Quick access to the Gold Coast, Brisbane & Airport Shailer park & Kimberley park are very close to * leading private & public schools * the largest shopping centre in Australia * 4 major Golf courses * boating paradise on Moreton Bay * mountain retreats * tertiary education, university, tafe college * hospital & sporting facilities * child care centres Lot 579 Lissadell St Shailer Park 1480 Square metres Sold Lot 576 Lamboo Court Shailer Park 1490 Square metres SOLD Lot 382 Ribwort Court Kimberley Park 1222 Square metres Sold In Australia we can offer our land for sale on a conditional contract....that is subject to finance, inspections Plus we can give you a discount for a cash sale if contact is unconditional on a 14, 21, 30 day settlement with solicitors. Statistics World location 153 deg East 27.5 deg South Average daily temp Summer 32 degrees celsius Winter 17 degrees celsius Sunshine averages Winter Seven ( 7 ) hours per day Business Hours Banks Monday to Thursday 9.30 am - 4 pm Friday 9.30 am - 5 pm Post offices Monday to Friday 9 am - 5 pm Shopping Monday to Friday 8.30 am - 5 pm Saturday 8.30 am to 4 pm Celestial Industries pty ltd Monday to Friday 9 am to 5 pm Email: land@australiatrade.com.au Celestial Industries 5 Bates Street Springwood P.O Box 732 Springwood Brisbane Qld 4127 Australia Phone: intl ( 61+7) 3808 1200 Fax: intl ( 61+7) 3290 2481

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