Tips on how to finance a 4-6 unit apt building in Elizabeth, NJ?

[Bryan Ospina]

I am in the early stages of scoping out the details around demolishing and rebuilding on a property that I recently took out a home equity line of credit on (currently have all of those funds still). The area is hot right now with neighboring properties being demo'd and rebuilt left and right. I am already in talks with an architect who is inquiring with the city board to see what we are allowed to build. The lot is 6325sqft and I've seen 4-6 unit buildings built in the area in similar sized lots. 

The architect mentioned that he has banks he can refer me to but I am new to this type of project and would like to know what I should look out for when financing this project. 

Thanks!