Please email your buyer scenarios to Jeff Lazerson by clicking HERE or call him at (949) 322-8640 and let’s see if we can solve your loan approval challenges! 

Week of 7/22/17: 

Buyers are doing a 1031 exchange with multiple properties both being relinquished and being bought. 

Buyers are buying farmland as one of their up-leg properties with a house on the 18 acre parcel of land. 
Institutional lenders rarely do not do land loans. That’s typically hard money or seller financing.
Borrower wrote a brilliant letter explaining his intention to rent the property. Plus, we showed that large acreage is common for this area of the inland empire.
Lender says yes to doing this loan.

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Jeff Lazerson - Mortgage Columnist since 2011