Advice on Financing 18 unit townhouse project

[Lesley Resnick]

I am planning on building an 18 unit townhouse community in Murray Hill, Jacksonville.  I am shovel ready, pending a few miscellaneous items.  I own the land.  The architect and civil engineer are finish up.  I have been working with a lender since April.  These projects take time, but I have been forced to fund more of this out of pocket than I was planning, due to the lenders time frame.  The loan was suppose to be done in 3 months and we are at 6 with no end in site.  It is effecting my working capital for other projects.  I could probably fund it myself, but it will take me longer than I would like and force me to pause all other projects.    

I am looking for another funding source. I would take on another lender or a JV partner. I am planning on selling them off to owner occupants, but could easlily convert to a build to rent.

Anyone had this sitiation before?  Suggestions?

I am open to creative solutions.