Posted by JPiper on December 03, 2000 at 08:39:44:
Not much to understand here. Most conventional lenders are not going to loan to an LLC or corporation without a personal guarantee unless the entity has a significant track record and financials on it’s own.
I’d say it’s unlikely that you’ll find a conventional lender who will loan to a land trust.
Hard money lenders or other private lenders might loan under these circumstances if they are lending strictly on the asset…but be prepared to pay high rates and points.