FUNDING QUESTIONS
Ini Olu
Last Update 4 maanden geleden
Can I use business credit to buy land bank property?
Yes, but:
You must confirm funding structure before applying.
Do land banks finance properties?
Typically no.
They sell properties.
They do not act as lenders.
Can I use hard money?
Yes.
But lender approval depends on:
Yes, but:
- Some land banks require proof of liquid funds.
- Some require cash closing.
- Some may allow private financing.
- Traditional mortgages are often difficult due to property condition.
You must confirm funding structure before applying.
Do land banks finance properties?
Typically no.
They sell properties.
They do not act as lenders.
Can I use hard money?
Yes.
But lender approval depends on:
- Property condition
- Scope of work
- ARV
- Timeline