Financing for new construction

[Nathan Kapp]

Hello all?

I am a fairly new investor with one SFH in southeastern Pennsylvania. My father and I have 5 acres, zoned mixed usage, outside of a small city. Currently, we are allowed 20 housing units. We'd like to acquire a variance for 30 to improve cash flow. We are meeting with a developer in 2 weeks to discuss our options.

I have 2 questions:

The first deals with financing such a large project.  Is there a way to fund it so that you can float until the units are built and cash flowing?  I am pitching the idea to a builder/investor.  Would it be wise to go in 50/50 or will I still need to find other investors?

My second question is more that I’m looking for advice when I pitch the deal.  What kind of info should I include, etc?

Thanks in advance!

Nate