[boefixepa]

Ima,

You have tons of options with what you have going on right now. Go to the bank tell them what you want to do and tell them to give you some options. Here's what I see as possibilities.

A short term construction loan on the spec house you are finishing, these are short term and paid off when you sell the house. They are generally really good rates and then you can use your money for your new lot.

A standard security loan using either your house, the land, or the spec house as colaterel.

A standard line of credit at the bank for your construction business. I know ours had one for over 100K and the interest was lower then we were earning so my old boss used it rather than taking money out of the rat hole he had it stashed it.

A standard mortgage on the property using a down payment, with your history you should be able to get a wonderful rate.

Personally I'm thinking you should be able to find something great and don't take no for an answer! Personally I'd think the business line of credit or the construction loan on the spec house would be the best deals and the least overall money, but put your banker to work for you, like they suppose to, and tell them to earn your business!