You would have to find private funding, a hard money lender. Banks will not finance this.
Friday, May 7, 2010
Hunting/recreation land loan (How to procure?)?
I'm considering purchasing some hunting/rec land between 40-80 acres. I only want to spend less than 100k and have found many properties that meet this standard. I can put down 20% but need a loan for the rest. I can't seem to find any bank that has a loan for raw land. Any suggestions? Yes, my credit is great and I have a strong income and debt ratio.
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