Hard Money Loan Possible

[Alan Keate]

I am considering buying a lot to build a home in a new development. I don't know if I will eventually be the long-term owner but I want to build it that way. I have a current home and the thought of getting a more traditional mortgage is a nightmare given I own multiple businesses, etc. I know very little about hard money and don't know if you can put up your current home and the to-be-purchased property (the combined LTV after a hard money loan would be like 56%). I just don't know if that's a thing. Any direction would be appreciated. Thanks.