private money for development and new construction

[Ron Czecholinski]

I am working on my first small development (10 houses) and putting it together with private money. I have purchased the land and have some interested investors. I am now looking for insight on putting together agreements and handling escrow / draws for infrastructure and construction loans.

I have been looking for a simple construction loan agreement and not finding much except from a local bank which seems much more complicated than necessary. I am also wondering if there are other agreements that I need.

I also am looking for a way (if possible) to handle the escrow and draws without paying interest on unused money.