What type loan do I need?

[Carol L.]

I want to purchase a property as an investment.  It has a distressed house on it.  The house needs so much work,  including foundation repair, that it makes sense financially to demo it.  It is also on a piece of sought after waterfront property where most people like to knock down and rebuild.  I want to buy the property, demo the house, then put the property up for sale.  Two bankers have told me I need to repair the house and can not demolish it in order to get an investment loan because they do not do loans based on land only.  Does anyone know what type of loan I need?