I have some beach land on a 30 year lease, the idea was to sell some other land that I have to pay for construction, but with the way the property market is it looks like that may be difficult.

As a result I am considering borrowing against the lease and also against other plots of land which I own in order to get the $ to develope the beach land into a small resort.

Does anyone know if this is possible, what % you can borrow and how to go about it.

Or can we simply not do it?

When I tried to borrow against the land that I held (in my Thai company), the bank asked for details of my overseas income, invoices, bank statements etc. After providing all these and attending a lengthy meeting at the bank, the manager told me that my background and income was way above what was required to authorise lending money on the land.

'Oh good' I said. ' So we can borrow the money then?'

'No! You are not Thai!'

The end result was that I transferred the land into my wife's name and then she borrowed the money!

Simon