Hypothetic question on development financing.

[Nathan Bendler]

Example:

If i finance say 100 acres to do a subdivision. Survey, road, utilities, etc. Once i start selling lots, how can I deliver free and clear deed on a lot if i have the property as a whole financed. Is there a certain way to do this so that each lot sale can be kicked to the lender for deed to that lot. Or is the only way to do it cash and own the property as a whole outright?