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The sale price is too high to obtain traditional financing. The parties want to close quickly and/or save on closing costs. The parties prefer more flexible terms than what traditional lenders offer.
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The Oklahoma Housing Finance Agency (OHFA) is a non-profit organization which serves the people of Oklahoma by offering affordable housing resources, including loans and rent assistance. OHFA was created in 1975 when Governor of Oklahoma David L. Boren approved the agency's first trust indenture.
A hard money loan is a specific type of asset-based loan: a financing instrument through which a borrower receives funds secured by real property. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk and shorter duration of the loan.
The Land Office was created by the Oklahoma Constitution and is responsible for managing and controlling lands and funds granted to the state under the provisions of the Oklahoma Organic Act. These lands and fund are used to support common schools, colleges and universities. The Commissioners of the Land Office distributes over $125 million ...
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The Drummond family is an American ranching family from Oklahoma. The family is one of the largest land-owning families in the state of Oklahoma and the United States. In 2017, the family owned 433,000 acres according to The Land Report magazine. In 2022, the family was the largest land-owning family in Osage County, owning about 9% of the county.
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