How to Finance a Spec Build in Miami, FL

Hello BPers,

My firm has a long history of building luxury spec houses in Miami and throughout South Florida. Traditionally, we have financed the builds with 100% firm capital. However, we are looking to get a construction loan on a house we are building that will be listed for between $6-7M. I have been looking to banks to lend at bank rates for about 70% of the costs. I would also pay a higher rate for a private lender that would presumably account for a larger portion of the capital stack,

I was wondering if people knew the best strategies to look to acquiring this type of financing,

Thanks,

Evan Demchick
Hollub Homes - Relationship Built.