Posted by Brent_IL on August 08, 2003 at 21:47:34:
I’ve never met a private lender who actually lent money on raw land in anticipation of sub-dividing or appreciation. Too many variables. How about a commercial bank? I know that some lenders will make new construction loans paid out in draws if the land is subordinated to the construction loan. I guess it depends on what you intend to do with the land.