You will be hard pressed to find a bank that will lend on a lot purchase at all. You will most likely have to find a hard money lender. Hard money sources will most likely lend you up to 65-80% of real current value. If that helps, let me know and I can make the connection for you. Good luck.
All the best,
Larry B. Lichtman
REALTOR, Property Manager
Your Real Estate Resource For Life
Direct CELL (267) 254-7994
It was nice talking with you. I want to make sure I get you that third contact. Please email me at firstname.lastname@example.org and I will get you all of his information. Also send me all the projects you have in the works so I can notify my buyers. I saw the one on Green St and I have a couple investors that may be interested in it.
You have a better chance getting a loan if you use a mortgage broker instead of a regular bank . You might need to
see you can use the land as collateral . I would shop around online and compare price's. You want something
that's going to be cost effective.