construction loan with land equity
With a land equity construction loan, your borrowing power is the main element that’s at risk. Banks use the valuation figure of the land value plus the cost of construction as the total purchase value. This means that the amount you can borrow depends a lot on the land valuation.
Wachovia Corp. is selling land and construction loans to LandCap Partners. The multi-state loan portfolio. conventional and participating loans and joint-venture equity investment. Charlotte,