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LoanUniverse Community > Commercial Land Loan Help - Search - Member List - Calendar Full Version: Commercial Land Loan LoanUniverse Community > Community Forums > Loanuniverse Forums Marnie1065 Dec 6 2005, 08:37 PM 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 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 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 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. This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here . Invision Power Board © 2001-2005 Invision Power Services, Inc.



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Cottage LINK Land Lots and Acreages for Sale -- -- -- Land/Lots for Sale Click on the Cottage of your choice for more details and photos! Jump to... Prince Edward Island Nova Scotia Quebec British Columbia Ontario - Northwest Ontario - Near North Ontario - Parry Sound/Muskoka/Haliburton Ontario - East/Rideau/Lake Ontario Ontario - Lake Huron and Bruce Peninsula Ontario - Central/Lake Simcoe/South Georgian Bay         Newfoundland New Brunswick Alberta USA - Florida Ontario - Kawarthas Ontario - Lake Erie and Niagara -- -- Newfoundland and Labrador Property/Location Price Sheffield Lake $56,900 -- Prince Edward Island Property/Location Price Darnley Shore Estates Various 1-acre lots near Grand Tracadie $10,500 Bothwell overlooking Northumberland Strait $16,500 Wild Duck Cove and Garden Shore Road Cottage Lots From $17,900 -- Panmure Island Lots from $25,000 Northumberland Strait/Chelton Beach $30,000 Colville Bay near Souris $55,000 French Village near Savage Harbour $65,000 North Lake (Gulf of St. Lawrence) $79,000 Charlottetown Area Waterfront $250,000 -- Nova Scotia Property/Location Price Minas Basin (Bay of Fundy) $25,000 8-Acre Building Lot $55,000 Lac Pic - 24 Acres, 590' Waterfront $79,000 55 Acres on Ricker Lake $129,000 New Brunswick Property/Location Price -- Quebec Property/Location Price Gatineau Hills Nature Park From $15,000 Lac Williams Lots from $22,000 Alberta Property/Location Price Crowsnest River near Blairemore $89,500 -- British Columbia Property/Location Price Barkley Sound Oceanfront - Island Property $125,100 Barkley Sound Oceanfront - Island Property $130,000 Barkley Sound Oceanfront - Island Property $134,100 Barkley Sound Oceanfront - Island Property $136,800 Ontario - Northwest Property/Location Price Dog Lake-Missanabie US $40,000 Ontario - Near North Property/Location Price Lake Robillard $35,000 21.7 Acres on House Lake near Kirkland Lake $39,900 41 Acres on House Lake near Kirkland Lake $39,900 75 Acres on Private Yarrow Lake $59,900 Quirke Lake near Elliot Lake $42,500 West Bay on Lake Nipissing $1,250,000 Ontario - Parry Sound/Muskokas/Haliburton Property/Location Price Muskoka River $59,000 Snake Lake near Parry Sound $129,000 Gooderham Lake near Haliburton $179,000 Horseshoe Lake, Parry Sound $230,000 Georgian Bay near Pointe au Baril $259,000 Perry Lake near Huntsville $309,000 Georgian Bay Island, Pointe Au Baril $650,000 Lake Muskoka, 300 Feet of Lake Frontage $1,850,000 200 Acres Near Hunstville $1,875,000 -- Ontario - Kawarthas Property/Location Price Stoney Lake $275,000 -- Ontario - East/Rideau/Lake Ontario Property/Location Price Big Clear Lake near Arden $45,000 Petawawa River, Ottawa Valley From $59,000 Tay River near Perth $59,000 Wood's Lake near Plevna $550,000 Ontario - Lake Huron and Bruce Peninsula Property/Location Price Miller Lake Area Building Lot $39,000 Lake Manitou, Manitoulin Island $86,900 Lake Huron Water View $150,000 Shouldice Lake near Tobermory $279,000 Ontario - Central/Lake Simcoe/South Georgian Bay Property/Location Price Talbot River Waterfront $85,000 The Rapids at Marchmont Near Orillia From $199,000 Ontario - Lake Erie and Niagara Property/Location Price -- USA - Florida Property/Location Price -- Return to the CottageLINK Home Page.



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