Hard money loan (land)

[Marquez Davis]

Could anyone help me understand how would a hard money loan work for land purchase only? 

[Carrie Matuga]

@Marquez Davis You can expect a lot lower leverage with land purchase, but as @Sasha Mohammed said, there are products for ground up construction that roll the costs (horizontal and vertical) into the overall construction budget. If this is you are going this way and this is your first project you can expect that your options will be smaller if you are not partnering with someone who has successful ground up construction exits either as a GC or an investor. Don't be discouraged if you run into this, it CAN be done on your own with a few lenders - you will need to have your GC vetted and approved to verify that they have the right experience. If, however, you have extensive flipping experience, that can count as experience for some lenders.