Updated over 7 years ago on . Most recent reply
Financing on Commercial Land
I have an investor that owns a 2 acre parcel of land near the attractions in the Disney area of Central Florida. he is looking to finance for some cash out to build a branded hotel on it. He has built branded hotels before and also has other hotels and multifamily in his portfolio currently. Great borrower - I just want to know what the terms would be, of course, with awareness that if anything doesn't fit my description above perfectly, those terms might move a bit.... Thanks Alim
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Why is he going to refinance to take cash out to build something on it ? Have him take a construction loan which would be similar and will have flexible terms. Also commercial loan is very much negotiable ...