Funding for a project in residential miami

[Miguel Chiriguaya]

Hello, good afternoon everyone

I've got a client who wants to purchase a home in Miami for the land that the home is on.

The property is in Miami in the 33147 zip code, zoned residential

It's a single family home, located on 0.81 cares

The goal would be to purchase the property and then build duplexes. I've spoken with the County and there can be up to 13 units per acre so roughly 10-11 units can be built. The issue is my client doesn't have the funds to purchase the property out right and would need a loan, but because there is a home on the property any loan would be against the property, and that wouldn't allow us to tear down the house and build units. Seller financing isn't the best option as the sellers need the finances from the sale for medical procedures and retirement.

I've been pondering on different ways to acquire the property but I've gotten to the point where I've been starting at the problem so long nothing makes sense. If I could get someone else's outside the box or inside the box thoughts on this.