What is a land loan?

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18th Nov 2009 by JonB

A land loan refers to a loan secured by raw and/or underdeveloped land. Typically sought by developers who wish to improve a property by building or zoning changes, land loans are notoriously difficult to obtain and often require large down payments with high interest rates.

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17th Nov 2009 In Finance 1 Answers | 562 Views
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