Posted on: 14th Aug, 2010 03:36 pm
[size=12:4aba9845cf]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[/size:4aba9845cf]
What is the best way to get it?
Regards Claudio[/size:4aba9845cf]
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.
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.