Loan Advice for SFR Construction

[Brian Allen]

Hi everyone, I am in need of your expertise. I have a current SFR in Los Angeles worth about $1.5m as it sits, no debt. I have approved permits for construction of a new SFR and quotes from contractors are between $900k-$1m. ARV is around $3.5m. I am looking for the best way to finance the construction, plan is to have it be main residence but that could change. Thanks everyone.