quote:

Again, Is the purchased property not sufficient as security for a loan?

No. If I'm doing a land loan, maximum LTV would be 50% and I've done many at lower.

Very good guys. Thank you so much for the explanation and detail pertaining to this topic. My thought process was a bit different in terms of how this might work. I do understand now. Probably not an option for me.

This is not any kind of commercial venture. It would be a piece of land with no o few improvements that I would develop
to meet my own needs over time.

Again, thanks to all of you who provided me with this info. I greatly appreciate it.

Sincerely, orc.