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» Hard Money Land Loans

Posted on 10/25/2004
Hard money lenders define a land loan as a hard money loan in which the collateral is a piece of real estate property that has no building on it. Infrstructure improvements to land, such as roads, utility lines or hookups, etc. improve the value of the land, but hard money lenders will still define your property as 'land' and opposed to 'improved real estate'.

Expect to be able to get up to 50% of the purchase price of the land in a hard money loan.
Posted in Miscellaneous