Best option for commercial (MX) new construction financing

[Igor Messano]

Hi everyone,

I am in the beginning stages of pricing the development of a new multi-use property (10 residential, ground floor commercial). I am trying to navigate my way through lending options and was wondering if anyone here has any recommendations for types of lending products.

With this development it looks like the ARV of the property once fully rented will significantly exceed the total cost to build. Our main concern will be ensuring that we are able to at a minimum, get some of our out of pocket costs cashed out. Does anyone know if there are ways to do this without having to finance it and then refinance it like a traditional residential property? Are there any loan products out there that require a 20-25% down payment during the construction phase (higher risk for the lender) but then allows some sort of cash out based on the appraised value of the property during the long-term financing portion?