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Are they lending to big investors buying large pieces of land or investors doing condo or other developments?

April 26, 2017big buying condo developments doing investors land large lending pieces

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Are they lending to big investors buying large pieces of land or investors doing condo or other developments?

1 Answer

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Yes, Banco Popular is lending on land and this goes on a case by case basis. Banco Popular is willing to lend on projects to developers but their most common loans are given to people who have purchased land and are looking to borrow for the developing aspect.