Home builder building affordable modern entry level homes

[Dennis Tidwell]

My partners and I are about to close a deal with a landbank and private lot owners to develop 50 Modern entry level homes within walking distance to an awesome (recently renovated) historic downtown. We believe that these new properties will attract Millennials and recent graduates who are able to work from home to choose to live here outside of Atlanta where it's much more affordable. This new buying pattern is called the "donut effect". We believe that our location is the right place and right time for this type of project.

The plan (below) is 2BR/ 2.5BA will list for $260k. and cost us $160k to build (sticks and bricks). We import high-end construction products at 30 cents on the dollar (been doing that for years). Our plan is to build 4 at a time and start the next four when they pre-sale. 

My question: What would be the best way to finance this project. It's in an opportunity zone. Is it possible to get a straight bridge loan (10%, no points) or should we just do a normal spec loans? How can we leverage the tax advantages here?

[James York]

@Dennis Tidwell I want to hear more about your products imported at $.30/$1.