Opportunity Zone/REIT vs. Bank Financing for New Construction?

[Elaine Lai]

Hi BP Community!

I am in the process of procuring financing for a small new development / new construction project for a fiveplex, located in an Opportunity Zone in Denver Colorado. I am wondering, if anyone has any perspective on how expensive financing compares across options - financed via an opportunity fund investment, versus financing relative to bank financing. One caveat is, I would also like to invest some of my own money into the project, if it is financed via an opportunity fund. But I dont know what typical terms are or what people are seeing with regard to cost of financing through an Opportunity Fund -

Thoughts? Would love to hear what any experienced in new construction financing might have heard.

Thanks

Elaine