Lending - Raw Land (Texas)

3 Replies

We are looking at purchasing a raw acreage tract and subdividing it into small lots and then selling the lots.  I am having a hard time finding lending for this, as most are stating that they do not provide lending for land.  Can someone point me in the right direction for this?

@Valerie Watts

This sounds like a banking deal rather than a mortgage.  Check out some of the small builders in your area and ask them for banking recommendations.  Who knows, they may also be interested in participating or buying a lot once you have the development done.

Good luck and good hunting!