I have a client looking for a $500,000 land contract. They would like a 3-5 year interest only loan with a balloon payment at the end. Does anyone have any suggestions?
I am not sure that I am reading your question properly. Are they looking for a Land Contract refinance? Are they looking for a property worth 500k? ???
Are they in the land contract and trying to refinance into the house? Or is it someone looking to get into a contract in a $500,000 house? Where are they located?
Looking to borrow the money to purchase a farm. They prefer private money in a land contract deal. The farm has possibilities to be sub-divided and sold into residential 5 acre tracts immediately.