Apartment Development Loan Option

[Nick Boring]

Hello,

I'm trying to close on a potential 9-Unit development in San Diego. Before I get too far into the process I need to do more research on construction loans. I am hoping to talk to some construction loan experts. It seems like 80% LTV ~5% loan is pretty normal. I also have been looking into the HUD 221(d)4 program, it seems like it would be a pain for more experienced investors. But, jumping through hoops and losing some time seems better than having to come up with an extra few 100k. I appreciate any help you guys can offer!

Thank you,

Nick