I think between the two farms we should be able to put it together the collateral to do it, just need to keep the debt manageable in case things don't go as planned.

If the house burns down they will rebuild and your note will still be collateralized by a house and land.2.  

Might be possible if you cross collateralize.

Hey Walter, most of our lending partners would require $38k or cross collateral as a down on a deal like this.

And they didn't collateralize the homes so we were able to sell them.

unless you're loan includes personal property as a collateral the only requirement is on the structure, usually liability is not a requirement either. 

The value of you lot is the collateral for construction financing, if the CG fails, you need to take over the debt or pay it off and obtain funds to complete the job.

They would be able to give you their underwriting guidelines as well as minimum DP, and also may be able to look at your overall net worth and real estate portfolio to determine what is the best way for you to put down collateral for this loan.

Some kind of collateral? 

Never mind the debt is collateralized by a SFR & multi-family portfolio that is worth 1.3 million more than the debt obligation and every single door is cash flow positive.