FL A&D Loans for Subdivision

[Jay Strickler]

I have an 8 acre tract of land in the Florida panhandle that I want to develop into a small subdivision.  The lenders that I normally talk to about my rental property don't do A&D loans.  My partner and I need about $1.6MM to complete the build out of roads and infrastructure (engineering is complete).  What kind of options are out there either in banks or with HMLs?  The one quote that we have has exorbitant points and rates involved.

Has anyone had success with this kind of investment that they can share the details of?

Thanks