How do builders finance 20-40 unit buildings in North Jersey?

[Andres Ospina]

I’ve recently came across several properties with approvals to build a 10-40 units. I was just curious what are some of the options on how people fund these projects.

It just seems as a hard money loan wouldn’t be the most cost effective way to do this project. I have yet to speak to the smaller local banks to see if they will fund something like this.