The land becomes more difficult to get cash out on, probably closer to 50% of value (if there is even an appetite for the loan).

New development on larger projects like 14 acres at this top cycle there is not much appetite for it.

If you have the itch and appetite for development then maybe you go the route of developing it yourself and finding a good civil engineer and custom home builder.

The trick is going to be finding a bank that has an appetite for 10% down jumbo and jumbo investment (regardless of down payment) that won't make you move all your money there in order to do the loan.

My Russian connection here hahahCap Rates are a measure of market appetite.

It's a large site and will feed an appetite for learning for many years.What type of investing are you interested in learning about?

@Brian Burkewhat are you seeing for investors appetite in a deal where the sponsors ownership % exceeds their level of capital contribution?

If you don't have a PSA, the LA will most likely e-mail you one gratis.If you already have buyers with an appetite for this type of asset in it's location, I say go for it.  

Thanks to the new fire suppression law in Minnesota, we plan to finish as close to 4500 sq/ft as possible but not more

Many new developments and USC Expansion and rejuvenation of a suppressed area are currently underway.