I have a loan in Georgia that i’m looking to place with a lender praticularly a hard money lender. It’s 70 acres of raw farm land. Total Appraised value is 151,000. My borrower is to cash out refi. what ever he can get…
find a local bank. no national lender will touch that.
I’ve tried a local bank but they just turned it down yesterday!
yeah, cash-outs on raw land are rare.
You’re telling me. I need to place it today!!!