|
Posted by Joel Britt on June 25, 2005, 1:24 am
Please log in for more thread options
I AM LOOKING FOR A BANK OR INVESTOR.GROUP OF INVESTORS THAT WILL BUY
LAND-ONLY PAPER IN THE STATE OF OHIO.
I HAVE MANAGED TO DEVELOP A RELATIONSHIP WITH A COMPANY THAT SELLS LAND.
THE ACREAGE IS ANYWHERE FROM 2 ACRES UP TO 200 ACRES. THEY CURRENTLY SELL
THEIR LOTS THROUGH COMPANY-HELD LAND CONTRACTS, AND THEIR RATES RANGE FROM
7-18%. THE BALANCES THAT I HAVE SEEN RANGE FROM $12,000 TO $65,000.
HERE IS WHAT I AM LOOKING FOR IN AN INVESTOR OR BANK:
WILLINGNESS TO REFINANCE THE LAND CONTRACTS WHICH ARE NOT RECORDED WITH ANY
COUNTY, AND ARE NOT DEEDED IN ANY WAY AS REAL ESTATE.
ALLOW ME AS THE BROKER TO CHARGE UP TO 7.99% OR 5% OF THE LOAN AMOUNT PER
SECTION 32. YIELD SPREAD IS NOT NECESSARY.
IF YOU CAN OR KNOW OF SOMEONE WHO CAN HELP ME, I AM CURRENTLY SITTING ON
ABOUT $750,000 WORTH OF PAPER THAT COULD BE TURNED WITHIN THE NEXT 120 DAYS.
PLEASE CONTACT ME!
JOEL BRITT
NATIONONE MORTGAGE
COLUMBUS, OHIO
joelbritt@wowway.com
| 
XML Sitemap