Does anyone know any wholesale banks, which is on land loan?
I am a mortgage broker, looking for that big. I purchase a home in Tacoma, Washington, owned by the city, and is only offered by a land lease of 99 years with a renewal option. The problem is, I know not all banks will go for it. Asking price is $ 200,000. I know that Indian reserve land is leased property, so that if there were banks that manage Indian lands, I am sure that the work for me, I’m not sure who these banks.