Funding my multi family with private money

[Kade Eiguren]

Hi all,

I have a 36 unit multi family project on my hands. I own the land and have done all the homework on the project itself, but currently we are stuck in the financing stage. We are pushing for a HUD loan, but will take apprx 6 months or longer to acquire. I have recently been thinking of raising private money for the project. Project building cost is just under 5M and i know there are a LOT of investors and people here that know a lot more than I do.

I would love advice on how to structure this deal. Would I set it up as a fund? Tie each individual investor into the property itself? I would love any input and would also love to connect with anybody with experience in this area!

Thanks in advance to all you rockstars