We also need to add in escrowed taxes and insurance to the new terms, as previously the buyers were responsible for paying them, but we’ve recently had to take that over.Context:Subject property is a mobile home on land in the state of FL that is owner occupied by the family who purchased it from our LLC.

One of the others is 200 lots plus with townhouse lots which are popular.and the 3rd one about 110 lots its a land assemblage so layout is not standard.I assume they got it as raw land/ag? 

Just sayin.. as for the loan when I looked at a MF ground up lender wanted land paid for and would advance 75% of vertical we needed both the land soft costs and 25% of vertical in cash ..

@Jeanette Land why don't you canvas your network to find a money partner?

I've got a property under contractPurchase price $78K out the door (I have cash to close) Intent: build on the property which already has a functioning well, septic, and needs PGE installed Total buildout on the property utilities: $128K including the original land purchase price.

I bought vacant land, built a spec home and sold it to an end user.

@Dhruv Patel I believe you are getting ahead of yourself....Where in the US are you all-in (land acquisition, soft costs, hard construction) on new construction multi-family for $100/ft.

I spent the last almost 3 years doing my due diligence learning the lay of the land.

If the structure on the property is determined to have no value, be careful when you consider paying the “value of the land”.The value of raw land is different than the value of land with an existing structure, even if the structure has no value.  

Here are some reasons to get the ball rolling:Thriving Market: Florida's population continues to boom, fueled by warm weather, a strong job market, and a business-friendly climate.