Updated about 7 years ago on . Most recent reply
Financing Soft Costs
To all you land developers out there, are you able to finance soft costs (civil engineering and architecture)? I'm looking to meet my equity requirement with non-liquid assets. Specifically, I own the land outright and I also own another property outright that I intend to put up as collateral.
I will maintain a reserve for interest payments, but $100k in soft costs doesn't work for me out of pocket. In a scenario like this, will the bank allow me to draw for soft costs?