Land Development Loans

Hey guys,

Can anyone that has experience underwriting land development loans explain the key things to look at or focus on when underwriting such loans? What makes it so difficult to underwrite compared to something like construction financing?

Thanks in advance.

107 WSO Academy Real Estate Session Reviews: 4.91/5

Class of '29 Sep 2026 Cohort

5.00/5

Real Estate Career Roadmap (optional)

“Nick was extremely informative and gave me a lot of solid and practical advice. He answered all of my questions clearly and thoughtfully. I really appreciated that he gave me an actionable plan for how to approach recruiting and developing my career in general. He was very open about sharing his own experiences. He also gave me helpful perspective on how to differentiate myself during the recruiting process and make my conversations with professionals more meaningful. I feel like I have a clearer understanding of what I should focus on and concrete next steps. This was overall a helpful and valuable conversation. ”

Class of '28 Aug 2026 Cohort

5.00/5

Real Estate Mock Interview

“Nick was fantastic. He didn’t just glance at my resume and give me generic advice—he explained exactly why it wasn’t telling the story I wanted it to tell, then helped me figure out how to fix it. He pushed me to be more intentional about how I talk about my experience and gave me concrete steps to prepare for interviews, from tailoring my resume to practicing financial modeling. I also appreciated how candid he was. When I asked about real estate capital markets versus sales and trading, he gave me his honest opinion while being clear about his own perspective. He shared interview guides, answered all my questions, and offered to do a more detailed mock interview if I move forward with JLL. I left with a lot of work to do, but also a much clearer idea of how to do it. I’d absolutely recommend talking with Nick.”

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+66	EQT to buy Stockbridge - thoughts?	10	2d
+24	Masters student targeting analyst roles, Advice?	5	20h
+20	Can't secure agency DUS debt due to bankruptcy from 12 years ago	11	4h
+19	Remote jobs in CRE?	8	1d
+11	Experiences buying multifamily at discount to break-up?	10	8h
+9	Stuck in bad private CRE credit role	0	2h
+6	TA Realty Analyst - Firm Culture, Comp, Thoughts, etc.	1	2d
+6	Real Estate Acquisitions Salary and Bonus	2	2h
+4	LaSalle Technical/Underwriting Test	3	1d

1	redever	99.2
2	Secyh62	99.0
3	BankonBanking	99.0
4	kanon	99.0
5	CompBanker	98.9
6	DrApeman	98.9
7	Betsy Massar	98.9
8	dosk17	98.9
9	GameTheory	98.9
10	bolo up	98.8

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Land Development Loans

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Land Development Loans

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