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Investment got land but no money to develop. any loan option?

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simplesmile
post Apr 30 2009, 09:16 PM

Look at all my stars!!
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QUOTE(ed0gawa @ Apr 29 2009, 01:47 AM)
but then thinking back seriously, 1 acres is worth shyt ... 43k sq ft
er... Can have 2 nicely done car showroom, or few units of shopoffices... really... nothing much on 1 acres. Or maybe tons of banana trees on it?
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You know, 1 acre is almost the size of a football field. Can make alot of money if developed properly.
ed0gawa
post May 1 2009, 10:20 AM

coconut
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QUOTE(simplesmile @ Apr 30 2009, 09:16 PM)
You know, 1 acre is almost the size of a football field. Can make alot of money if developed properly.
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Great, mind to share on how to?
simplesmile
post May 1 2009, 10:32 AM

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QUOTE(ed0gawa @ May 1 2009, 10:20 AM)
Great, mind to share on how to?
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Think highrise commercial building. Not the 5-storeys shop office.
merce
post May 1 2009, 01:05 PM

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QUOTE(vinboy @ Apr 29 2009, 01:39 AM)
thanks for all the replies..

JV with a developer is the last option I would consider.
there are many instances where the developer bankrupted, the land somehow convert to somebody else (usually the bank), and the original land owner get nothing in return.

having control over the development is crucial in my case.
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hi vinboy,

if you are looking for a construction only loan, we do have a loan package for that.

but for an acre, that is one big piece of land... the potential for development and investment return is huge for a prime land.

do let me know if you are free to communicate through the phone.

perhaps i can help with a further elaboration of your intentions and plans on the said land.

hope to hear from you soon.
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