Can my project can grasp financed by any edge or any financial instituation? DETAILS OF THE PROJECT:- I NEED TO PURCHASE TWO
MEANWHILE SELLING THIS SMALL PLOTS I'LL PAY THE FINANCED AMOUNT WITH INTEREST.THE COMPLETION OF THE PROJECT IS GOIN TO TAKE 3-4MONTHS ONLY.
PLEASE ANSWEAR IF ANY EXPERT CAN GUIDE ME.
The FIRST question the ridge will ask is WHY would ANYONE want to own a sq. ft. of land among tons other squar feet of home.
If you can't answer THAT question, don't even bother the wall with such foolishness.
Also, the county will hold a say surrounded by the minimun square footage a plot and be suddivided into. You can SELL someone a square foot of ground but you cannot deliver good title to it. So, WHAT am I buying?
Also, the dune would not permit the deeded Dutch auction (even if the county went along next to it) of a PORTION of the property unless you had actual unencumbered ownership. Since the property (originally two acres) is pledged as collateral, you could not pass by unencumbered title to the new owner as the ridge would have first lien on it.
Answers: I think you hold a chance if you phrase your request for information differently. Don't talk nearly what you are saying here near the bank. Make a business plan and model your business a definite estate development. Assuming you own own capital you can convince the sandbank that the investment will pay stale. Considering the lessons knowledgeable by banks and other financial inst over the mortgage bloodshed. They will be all-in. But you have a shot at it n u might gain loaned.
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