All Posts Tagged With: "ground"
Can I Get A Loan For Raw Land?
Buying land, and later building on it, is generally a process with three financing needs. First, money is needed to acquire the land. Second, money is needed to construct “improvements” such as a home. Third, owners will want long-term financing once construction is completed. It’s usually best for borrowers to obtain acquisition, construction, and permanent [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
What Is A Land Lease Or Ground Lease?
With a land lease or ground lease, all improvements (a house or apartment building, for example) on the property revert back to the land owner at the end of the lease period, usually without additional compensation or payment of any type. Thus, as the end of the lease term gets nearer and nearer, there is [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
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