How to find money for construction on Entitled Real Estate
After a lengthy and pricey entitlement process, I was able to get approval from the city to build my multi-property project. The projected sales price is $8M and costs will be $4 M. At this point, I don't know how to get a loan to do construction if I have no down payment. Does anyone know what options there are for entitled townhomes in Los Angeles, but no cash left for down payment?