For the past few months, there has been a surge in the number of people seeking hard money land loans. Most private money lenders are not actively pursuing land acquisition or refinance loans as the real estate market has seen softness across the country. While we were enjoying double-digit appreciation across the board in almost every real estate market segment, land loans were easy to come by. Today however, there are very few sources of private capital that are lending on vacant land. This is not to say that developers and other real estate investors, who are seekig to acquire or refinance vacant land, cannot find the funds they need. It is simply much more difficult to do so. We have a number of sources of funds that are still willing to lend on vacant land. Please contact us for more information.

tags: acquisition, financing, land, refinance

This entry was posted on Tuesday, January 2nd, 2007 at 4:47 pm and is filed under Financial News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.