DESERT EMPIRE MORTGAGE CORPORATION

Commercial & Residential Lending

(760) 327-2254

Lease Land - Why use a local Palm Springs area Lender

for Your Lease Land transactions?

Every other square mile in the Palm Springs area is lease land. Some of the most beautiful, well located,

and well priced properties are on lease land.

Your local, out of area bank or finance company does not understand lease land. Period. They do not

on lease land every day and become lost in the process.

A local lender who specializes in lease land can more easily and quickly speed your transaction.

Lease Land requires some special knowledge. A competent local lender can more easily and efficiently

complete your lease land transaction. A competent Palm Springs area lender lends on lease land

consistently, and lease land transactions are part of their every day lending.

Your out of area lender will vocally and aggressively express their willingness and ability to do your

lease land transaction. They will even provide a prequalification letter. However, 30 days or so into the

transaction they will most probably decline/deny/suspend your loan, stating that their legal

department is reviewing the lease and/or needs additional information, or that they don't do lease

land after all. This happens over and over again.

Out of area lenders do not understand the concept of lease land. They most often will require that their

attorneys and legal department approve the lease. Out of area attorneys do not have the knowledge nor

the inclination to approve lease land. They are inclined to deny the lease rather than educate

themselves on the requirements necessary to approve a valid lease. They also scare the buyer by their

lack of knowledge, experience and unfamiliarity of lease land.

Competent local Palm Springs area lenders specialize in lease land and are experienced and familiar

with the Bureau of Indian Affairs and their straightforward and relatively simple process required to

close and complete your loan.

Our of area lenders incorrectly see lending on lease land as a complicated and difficult process.

Because they don't understand or take the time to become educated and informed about lease land,

they ultimately justify their inability to lend on lease land by giving buyers false and negative feed back.

Only competent, local Palm Springs area lenders know how to perform a loan on lease land efficiently.

They know and understand the process. They are experienced with lease land transactions. They are

familiar with the Bureau of Indian Affairs and what is required by them. They understand the

use of the consent, assignment and acceptance required on lease land. They do not go through a

tedious, expensive and time consuming process of attorneys and their legal department.