Financing Soft Costs

[Jim Macedon]

To all you land developers out there, are you able to finance soft costs (civil engineering and architecture)?  I'm looking to meet my equity requirement with non-liquid assets.  Specifically, I own the land outright and I also own another property outright that I intend to put up as collateral.  

I will maintain a reserve for interest payments, but $100k in soft costs doesn't work for me out of pocket.  In a scenario like this, will the bank allow me to draw for soft costs?