Hi! I have a client friend who is trying to refinance a 1-acre residential lot in Colorado. He can't go to a bank, his credit suffered as a builder when the market tanked. The lot is valued at about $160k, he owes $100k. The neighboring homes are valued at $552k to $725k. The refi would include closing costs, taxes of just over $3500 and my fee of 1%. Would you be able to do something like this?
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Land Refinance
Hi! I have a client friend who is trying to refinance a 1-acre residential lot in Colorado. He can't go to a bank, his credit suffered as a builder when the market tanked. The lot is valued at about $160k, he owes $100k. The neighboring homes are valued at $552k to $725k. The refi would include closing costs, taxes of just over $3500 and my fee of 1%. Would you be able to do something like this?