First development proposal, need help with deal structuring

[Krishna Atluri]

This is my first post, I have been following BP for few months now. I will try to add details as I go. So far done my first flip which is on record today and doing my second flip. For the first two I used my own money. Now the project details..

Project in CA: Existing structure has to be demo'ed and new homes have to be built. ARV is 4.5M. Permits city approved. Owner has a loan of 600K on the property, has to be made free and clear before doing anything. Land alone will be appraised at 1.1M. Construction costs @ 1.4M. I can bring in around 10% of costs as skin in the game. Project duration around 6-8 months. I will be approaching HML/PML for money. What kind of deal structure should I expect?

Thanks..