“I Love these Puzzles”

“I Love these Puzzles”

 

 

 

 

 

 

 

Hi Joe,

Can you do a land loan for me? I want to buy 50 acres that abuts the home we currently own. The asking price for the land is $195,000 and basically has no frontage, but we have 800’ in front of it. The property has more value to us than anyone else. We have funds to put down on the property, but not enough to pay for the property.

My Realtor told me that if anyone can figure this out, you can.

We have owned our current home for a number of years and have a lot of equity.

Let me know when would be a good time for us to speak, my cell is 860 XXX-XXXX.

PS, looked you up on Linkedin, pretty impressive. Will send you a connection request.  

 

 

Most lenders don’t have an appetite for this type of transaction, but it is definitely a loan that I can do. It would not be a land loan, however. It would involve refinancing the current residence, adding the acreage purchase and adding a down payment to the transaction to make the loan to value work.  

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 2 commentsJoe Petrowsky • March 13 2020 01:22PM

Comments

Good morning Joe. If it ain't Vanilla it takes a mortgage broker with multiple sources. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 6 months ago

Joe Petrowsky So don't leave us hanging!!! Did you get them their deal???

Posted by Lauren Williams, CPO, CVO, Professional Organizer: Puget Sound homes (Casual Uncluttering LLC) 6 months ago

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