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QUESTION: I am an investor and want to buy more properties. How many property loans can I have. I am getting different answers from different people.
February 15, 2019
QUESTION: I own my own business and want to buy a building for my company. How much do I need to put down?
February 15, 2019

QUESTION: I am trying to buy a piece of land and want to know if that is something a lender would finance?

Crop in a field, Siena, Siena Province, Tuscany, Italy

Answer:

Land loans are not as common and only specialized lenders handle these. There are two main types of land loans. Improved (with utilities and street accessibility) and unimproved loans (no utilities or finished street access. Lenders who lend on land will go to higher loan to values on improved land (60 to 80%LTV), for unimproved land you will be looking more in the 50 to 60% LTV range)

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