The Problem: Purchasing Two Continuous Parcels Connected Together
The Problem: Purchasing Two Continuous Parcels Connected Together If you want to purchase a single parcel of land, the process is fairly simple. There is a clearly-defined, well-understood system for purchasing a single piece of property. Whether that property is for personal use, development, or commercial gain, buying a single parcel of land is done every single day, and there are many lending organizations that can help. But what if you want to purchase two continuous parcels that are connected together? Can you get one loan or do you need two loans, one for each parcel? What loan programs will provide solutions to this problem, and what are the requirements for those that do? Let's look at a typical example of this situation. It's common for a buyer, often a…