Paying cash for land. Loan type to get my cash right back?

[Rashelle Turner]

Hi all!

In today’s market I need to use cash to buy this large tract of rural land and beat out the other offers. I will then start construction. I need to be able to pull the cash from the land purchase back out as soon as possible (prefer not to wait 6 months after the finished project to refi). Seems it’s too risky for most lenders to do cash out on a land loan. Anyone have any ideas or know of financing options that would allow for me to get my cash back out. I’m fine with carrying a loan on the land and new construction.

Thanks for your insight!

-Rashelle