Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 10 years ago on . Most recent reply

Any commercial bankers out there?
I wanted to know about a future land development. I purchased cheap acreage located on a major road, very good location. About daily traffic count of 45,000 car. Purchased cost for each acre is 100k. It's only 5 months now and each acre is worth around 250k. I bought the acreage all cash. If I went to a bank and wanted to use land equity as my downpayment, will they value the new amount or just my purchase price?