Hard money New Construction (Need help)...

[Ben C.]

So what I have found is that hard money lenders want a set of plans in order to make a funding decision on new construction. 

While this makes sense if you don't already own the land it makes it tough. 

Here is the scenario...

I am going to buy a house (that will be torn down to make way for the new home). Architectural plans take at best a few weeks to be completed (in addition to costing several thousand dollars). 

So essentially they are asking me to get the plans done before I can commit to purchasing the home. If they deny me I have spent the time and thousands of dollars on useless plans. 

Any thoughts?