Commercial Development- what’s next?

[Bee Starks]

I have no clue what the next steps are for me. I bought a vacant commercial piece of land about a year ago- (seller finance- $100k down/ $200k balance due in Dec 2024. I am almost completely through Planning and permitting. Im maybe a month out from full approval.

I dont know what to do next. I need money to build this facility. I need money to pay off the note on the land. 
Anyone with experience have any thoughts?

Thanks in advance 

[AJ Wong]

Hi Bee. First of all, don't panic..if you've been timely with payments you can always go to the seller and try to reorganize an extension. 

If you've had your plans approved for shovel ready development..great job! What are you planning to build? 

The next steps will involve accurate construction cost estimates by a licensed contractor (or two) and connecting with a lender (possibly current local bank) for construction financing. Some will allow you to roll in the existing private mortgage balance. 

Check in with @Joseph Chiofalo for some construction financing options. He's in your area and also a licensed FL RE Broker so can help you organize the transaction. Good luck!