Can you make a secure loan in Florida using vacant land as collateral?



Answers:
sure you can but only at a fraction of its value is all they will loan on . Banks are not in the land business so if you default they will protect themselves .That is why they will only lend a fraction of the value regardless of its value unless it is prime property .
unless its really a dynamite parcel, banks dont want it as collateral because in the event of default they have difficulty selling it and dont want the development and infrastructure headaches.

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