That would mean there is an approved site plan that includes roads, water, sewer, storm water, curb, gutter and any required buffers.

If approved, it would limit how they use competitors' data and algorithms.

My loan officer approved the rate lock.

Experience Purchasing from Non-ProfitsPurchasing property from non-profit organizations often involves additional considerations compared to typical transactions:Decision-making process: Non-profits often have a board or committee that must approve property sales.

From my research, it seems that the best way is to ensure the end buyer's funds are at title in escrow (with the clear to close) before you approve the release of your funds.

I would talk to some lenders and see how that would look and what you would be approved for. 

See if they will pre approve you for a line of credit.  

I would advise you to get pre approved from your lender and make them aware as it will help them understand you are serious!

When this is applied to frontage lot situations your development costs are minimal because subdivision approval is NOT required.  

First and foremost you are looking to get approved by their underwriting.