That would be for the deed, so use care not to trigger the acceleration clause with your lender.

Love to know. couple things  NV is one state were NMLS registration and state license are required to be a lender on any rehabs on 1 to 4 units.. that's number one.. you check with the statealso I would file a complaint with the state of NV  mortgage enforcement division right away if this guy is not legit he will be shut done and fined.  

Not all lenders are created equal. 

I would talk to a number of residential, private, and commercial lenders.

Has anyone ever used this lender?

Need a lender who understands that clean title will only occur on the day of closing.

Quote from @Chris Seveney: @Francisco AvancenaThere are specific lenders who will do land dealsBut of course not as many as traditional real estate.The key will be skin in the game - typically for land because it is less liquid than a home the lender will want to have a lower ltv on the deal I fund land flippers currently in  CO FLA WA ID MT NV AZ OR TX SC GA VA  one thing about land though LTV is lower and RATES are NOT the same as typical HML rates are higher for raw land but its a specialty niche and a business that I grew up in..

Hi @Peet Bothma, would you be able to share the lender's information?

DSCR lenders can cash out up to 75% with little or no title seasoning requirements. 

You can easily look them up on https://nmlsconsumeraccess.org/If they are a commercial lender, you may want to check for google reviews