Los Angeles Land Loan up to 50% LTV
We recently funded a Land Loan in Los Angeles CA for a property that was being prepared for vertical construction. The loan parameters were as follows:
- Raw Land with some permits and plans
- Property Location: Los Angeles, CA 90041
- Value of Raw Land – $600,000.00
- Raw Land Loan Amount – $300,000.00
- Term of Land Loan – 24 months
- Borrower type – LLC
- Guarantor Credit – 670
