New construction SFH deal structure

[Nick Mokan]

Hi all!

Have some basic questions about structuring a deal. I’m a developer that typically used hard money/bank financing to build.

I currently have a property under contract that is a tear down & redevelopment of a new single family house.

How would I structure a deal if I’m bringing in private money for the build? I found the deal, and will GC the project start to finish, they bring all the money.

If anyone has input and an investor or developer, or even investors that would be interested, I’d love to hear from you!

Numbers:

Purchase price $630K

Build costs $700K

ARV $1.75

5 bedroom ~3200sf house

2 miles from Microsoft Redmond Campus

Bellevue School district