Best advice to obtain land loans
Best place/source to obtain raw land loans?
I am working on securing a purchase of vacant land - 50% down and seeking a loan for the balance within 6 months.
Most Popular Reply
Hey Robert, I am a land investor and prefer to sell for cash. So when I have buyers looking for owner financing here is the blurb that I give them,
"I would suggest you check out lightstream, they can finance raw land purchases and I've used them before when buying. They're pretty easy to get a loan from. I'm not affiliated with them or anything but I know they could help you get financing and help me get a "cash" sale you know.
www.lightstream.com/land-purchase"
I have personally used them (I wouldn't give a suggestion like this without trying them myself) and it was as easy as applying for a credit card. I applied online, they got back to me same day or early the next, and I got my funds wired to me in like 2-3 days. I don't know how large of a loan you need but if you have decent credit and you need, say, less than 50k, I think you'll have no problem.
Best of luck!