Posted by Frank Ferst on January 06, 2004 at 17:17:39:
In Reply to: Advice on temporary owner financing posted by Theresa Manning on October 16, 2003 at 09:39:35:
There are a lot of variables that you have to take into consideration when preparing a note secured by vacant land. Usually the loan to value will be in the 60 to 70% range and the yield that the investor's want are anywhere from 15% to 18% depending on the location of the lot and what is in the immediate area of the lot. Are there other homes in the area or is it all vacant land.
Sincerely,Frank Ferst