Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Land & New Construction
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 16 years ago on . Most recent reply

User Stats

213
Posts
12
Votes
Daniel Hart
  • Investor
  • Charlotte, NC
12
Votes |
213
Posts

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

Daniel Hart
  • Investor
  • Charlotte, NC
Posted

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

Loading replies...