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Loan with land property collateral

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Claudio

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Post Posted: Sat Aug 14, 2010 3:36 pm    Post subject: Loan with land property collateral
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Hi, I have a property of 40,000 hectares (farm) in Paraguay. The estimated value is $ 70-90 million and I want a loan using the property as collateral.
What is the best way to get it?
Regards Claudio

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adonis




Joined: 22 Oct 2005



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Location: ALASKA
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Post Posted: Sun Aug 15, 2010 10:37 pm    Post subject:
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Welcome Claudio,

You will have to contact a local lender who offers land loan and apply for the same. Though you've a collateral, it would depend upon your income and credit score whether or not you would get the loan.

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