financing for acquisition and rehab with selling off extra land

[John Cardinale]

Good afternoon, 

I found a property that has a fixer upper on it and comes with space to create 2 extra lots. Is there a way to finance the acquisition and rehab of the property but to also be able to sell the extra lots immediately without having to restructure the debt of the entire property? The idea would be to sell the lots to pay down on the short term mortgage until the house got fixed entirely. Then, refi out into a long term mortgage.