Avatar's Blog

» Land loan, construction loan, or both?

Posted on 1/11/2005
Hard money lenders can offer you a 50% LTV loan for a purchase of land. If you are going to build on the property, it is a good idea to ask about getting a single loan to purchase the land, get the permitting stage completed and then build out the property. You may save significant sums in closing costs, points, etc. by combining the loans.
Posted in Miscellaneous