admin
-
Buying Land in Texas? We Do Land Loans Up to 70% LTV
Most banks do not want to talk about raw land. We do. At Lawton Building and Loan, we can do up to 50% LTV easily on land, and on the right deal we can get up to 70% LTV. That goes for lots, acreage, and rural land, not just land inside city limits. What we…
-
How a Seller-Carried Second Gets You Into Commercial Property With Less Cash Down
If the cash to close is what is killing your commercial deal, here is the structure I use more than any other: a 70% first lien loan with the seller carrying a 20% second note behind it. You put 10% down. The seller finances 20%. The first lien lender funds the other 70%. No SBA…
-
Yes, We Can Do DSCR Loans on Manufactured Homes — 1976 or Newer, Rural Too
Most investors hear the same thing about manufactured homes: no. Most lenders stop listening at the property type. I don’t. A manufactured home on a permanent foundation can be a real investment deal — a rental that qualifies, a fix & flip with real numbers, or ground-up on the right deal. “Manufactured” by itself is…