I'm lending money with land as collateral, how to make sure it's buildable?

[Daniel Hart]

I'm lending at a 25% LTV on a piece of land in a high end neighborhood. If I have to take the land back, I want to make sure it's not useless land.

It's in a small high end subdivision on a new cul-de-sac that's already paved, but there are about 10 new lots and none are built on yet in that section. Water/sewer already appears to be setup on all the lots. The lot has not yet been cleared.

What are some things I can do to ensure that this land is all that's promised?

Thanks