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Started By
Message
Best lender for recreational land?
Posted on 2/21/21 at 5:50 pm
Posted on 2/21/21 at 5:50 pm
I'm looking to purchase some recreational land between 50-100 acres in either LA or MS. I do not want to eventually turn it into my personal residence. I just want somewhere to camp, hunt, and ride trails.
Who is the best lender for this type of loan? Does anyone know what type of rates and terms to expect?
Who is the best lender for this type of loan? Does anyone know what type of rates and terms to expect?
3
Posted on 2/21/21 at 6:23 pm to MaxDraft
Louisiana land bank
4% with an annual refund of 1%
4% with an annual refund of 1%
Posted on 2/21/21 at 6:24 pm to MaxDraft
Call your local landbank and have 20% to put down. Some instances you can get away with 15% but more than likely you better be ready to plop down 20%.
Posted on 2/21/21 at 9:32 pm to wileyjones
Yep, Louisiana Land Bank...we’ve been working with them for a while. Good folks and no issues and the annual refund is nice.
Posted on 2/21/21 at 9:52 pm to BLM
quote:
Yep, Louisiana Land Bank...we’ve been working with them for a while. Good folks and no issues and the annual refund is nice.
Is that a 1% refund on your annual note?
Posted on 2/22/21 at 8:17 am to MaxDraft
Give me a shout man. I'm with AgAmerica Lending based out of Baton Rouge. We're the largest non-bank lender on these types of properties in the country.
318-366-5225
318-366-5225
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