Raw land for residential development financing

[Tab Teehee]

Hopefully someone can make some sense of this....

Through an estate I'm a 1/3 owner of a two parcels of raw land that total 27 acres. One of the 1/3 owners wants to sell, I want to develop it. The only solution I can see is to buy out the 1/3 owner of his interest. During the settling of the estate we had an appraisal done and based on those values we arrived at a buyout dollar amount that the 1/3 owner will accept.

I'm looking at roughly 80k to buy out the 1/3 owner which means I already have 160k equity in the land based on the appraisal. I'd rather not tie up 80k of my own funds to do the buyout. What creative options might be available for me to look at? I'm also wanting to develop this property so I could possibly bring in a partner or partners that might be willing to absorb some of this? Ideas?