In Texas, what are banks that will allow you to borrow against free and clear land to pay off debt? Worked with a bank recently for weeks and ultimately did not work out. Curious about other options.
In Texas, what are banks that will allow you to borrow against free and clear land to pay off debt? Worked with a bank recently for weeks and ultimately did not work out. Curious about other options.
Land is not very liquid, so banks are very hesitant. Valuing a piece of land is not easy either.
Just pay off the debt and do not move it.
I am not from Texas. If you have some other property, they might let you bundle it if you mtg them together. There are also private investors that are not banks but have their own investing groups. We found a couple through a broker.
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