[Olderguy]

You aren't going to get a loan on land just to pay off business debt.

So you just want to take cash out?

From the lenders perspective you have to consider if the client doesn't make the payments, how liquid is the asset - and land isn't very liquid. That's how the lenders look at land deals as development makes it a bigger picture project.

Do you have a construction development plan in place?

A lender just isn't going to do a cash out on land without a plan and exit strategy.

Development will need executive summary, business plan, resume of development partners, proforma, exit strategy,

You need grading, permits, entitlements, final map, shovel ready.

30% - 50% LTV on land with up to 100 LTC on development.

https://drive.google.com/file/d/1s-8...usp=drive_link