to the next unwary borrower.

After selecting a commercial loan broker to assist in obtaining a raw land loan, it is critical that the borrower promptly supply the broker with all of the documentation that the lender requests. Deal circumstances often dictate that a borrower has a very short time-frame to obtain a raw land loan, and insufficient documentation is the most common reason for a loan to be delayed (or, eventuall

Raw land loans are loans on undeveloped land. Typically, borrowers seek raw land loans in order to: i) purchase and develop the land; ii) refinance out of an existing loan; or iii) pull equity out of the land in order to finance development of the land.

Banks are often unwilling to make raw land loans because of increased risk, uncertainty concerning raw land's value, and because raw land is more difficult to dispose of if a bank is forced to foreclose the loan. Private lenders, however, have more flexibility to evaluate and approve deals that do not fit banks' traditional lending criteria. Therefore, private lenders are an important resource for borrowers and investors seeking raw land loans.

So what should a potential borrower do if he wants to determine whether a privately-financed raw land loan is available (and feasible) for his specific deal? Although a search on one of the popular internet search engines will yield a vast number of potential private lenders, selecting an appropriate lender can be very difficult. Commercial loan brokers are useful in these circumstances because they can utilize their experience to present the loan request to the lender (or lenders) most likely to fund the loan at the best terms.

Commercial loan brokers can also help borrowers avoid becoming victims of an increasingly common fraudulent practice: lenders who provide an unrealistic estimate up front in order to obtain exorbitant loan evaluation fees from the borrower. After collecting their fees, these types of "lenders" present the borrower with a final loan proposal that looks nothing like the original estimate. When the borrower refuses the deal, the lender simply keeps the fees and moves on to the next unwary borrower.

After selecting a commercial loan broker to assist in obtaining a raw land loan, it is critical that the borrower promptly supply the broker with all of the documentation that the lender requests. Deal circumstances often dictate that a borrower has a very short time-frame to obtain a raw land loan, and insufficient documentation is the most common reason for a loan to be delayed (or, eventuall

a bank is forced to foreclose the loan. Private lenders, however, have more flexibility to evaluate and approve deals that do not fit banks' traditional lending criteria. Therefore, private lenders are an important resource for borrowers and investors seeking raw land loans.

So what should a potential borrower do if he wants to determine whether a privately-financed raw land loan is available (and feasible) for his specific deal? Although a search on one of the popular internet search engines will yield a vast number of potential private lenders, selecting an appropriate lender can be very difficult. Commercial loan brokers are useful in these circumstances because they can utilize their experience to present the loan request to the lender (or lenders) most likely to fund the loan at the best terms.

Commercial loan brokers can also help borrowers avoid becoming victims of an increasingly common fraudulent practice: lenders who provide an unrealistic estimate up front in order to obtain exorbitant loan evaluation fees from the borrower. After collecting their fees, these types of "lenders" present the borrower with a final loan proposal that looks nothing like the original estimate. When the borrower refuses the deal, the lender simply keeps the fees and moves on to the next unwary borrower.

After selecting a commercial loan broker to assist in obtaining a raw land loan, it is critical that the borrower promptly supply the broker with all of the documentation that the lender requests. Deal circumstances often dictate that a borrower has a very short time-frame to obtain a raw land loan, and insufficient documentation is the most common reason for a loan to be delayed (or, eventuall

ic deal? Although a search on one of the popular internet search engines will yield a vast number of potential private lenders, selecting an appropriate lender can be very difficult. Commercial loan brokers are useful in these circumstances because they can utilize their experience to present the loan request to the lender (or lenders) most likely to fund the loan at the best terms.

Commercial loan brokers can also help borrowers avoid becoming victims of an increasingly common fraudulent practice: lenders who provide an unrealistic estimate up front in order to obtain exorbitant loan evaluation fees from the borrower. After collecting their fees, these types of "lenders" present the borrower with a final loan proposal that looks nothing like the original estimate. When the borrower refuses the deal, the lender simply keeps the fees and moves on to the next unwary borrower.

After selecting a commercial loan broker to assist in obtaining a raw land loan, it is critical that the borrower promptly supply the broker with all of the documentation that the lender requests. Deal circumstances often dictate that a borrower has a very short time-frame to obtain a raw land loan, and insufficient documentation is the most common reason for a loan to be delayed (or, eventuall

rrowers avoid becoming victims of an increasingly common fraudulent practice: lenders who provide an unrealistic estimate up front in order to obtain exorbitant loan evaluation fees from the borrower. After collecting their fees, these types of "lenders" present the borrower with a final loan proposal that looks nothing like the original estimate. When the borrower refuses the deal, the lender simply keeps the fees and moves on to the next unwary borrower.

After selecting a commercial loan broker to assist in obtaining a raw land loan, it is critical that the borrower promptly supply the broker with all of the documentation that the lender requests. Deal circumstances often dictate that a borrower has a very short time-frame to obtain a raw land loan, and insufficient documentation is the most common reason for a loan to be delayed (or, eventuall

to the next unwary borrower.

After selecting a commercial loan broker to assist in obtaining a raw land loan, it is critical that the borrower promptly supply the broker with all of the documentation that the lender requests. Deal circumstances often dictate that a borrower has a very short time-frame to obtain a raw land loan, and insufficient documentation is the most common reason for a loan to be delayed (or, eventually, refused). A good commercial loan broker will know what information the potential lender (or lenders) will require and will coordinate the gathering of this information with the borrower at the beginning of the loan evaluation.

Ultimately, the private lender will make the determination of whether a raw loan is available on a particular deal and at what terms. By working with a good commercial loan broker, however, a borrower can avoid the trap of unscrupulous lenders and can get a fair evaluation of a loan request within the time frame appropriate for the deal.