Land loans are short-term loans collateralized by land. Investors looking for construction loans who do not have plans and permits approved will find attractive a loan based on the As-is Value of the land
Max Loan Amount: $5,000,000
Max LTV (Loan to Value): 50%
Term of loan: 12-24 months
Payments: Monthly interest payments with balloon at maturity
Prepayment penalty: None
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MaxOut Funding
NMLS #1890873
150 S Pine Island Rd Suite 300 Plantation, FL 33324