I have been coming across some construction loans and had a few questions. Does anyone know if conventional lenders ever allow interest to be accrued and neg am on the loan balance?

Are there any hard money lenders that will lend on projected value (i.e. land worth 100k, construction costs 650k, projected value of 1.2mm- ~65% of projected value=750k)?

Any help is appreciated.

Most lenders will lend on the total cost, generally 80-90%loan to cost. Then others may require 50% down on the land and will cover all construction costs. In some states I have lenders that may structure it as 65% of projected value though, what state is this?