36 unit Condo Building Construction loan

[Frank Pyle]

I'm looking for loan options for a construction loan.  We are seeking a construction loan for a condo building, with a total build cost of $5.2 million and an improved value of $7.9 million.

The proposed construction involves constructing a 65,067 square foot residential condominium building in 2025, comprising 36 individual units. These units are intended for sale to owner-occupiers with an average sale price of $250,000. 

Key details of the project are as follows:

• The lots, vertical utilities, and plans totaled over $400,000 and are owned free and clear, with no debt.
• Vertical utilities and plans are complete. Permits are in process.
• The project is shovel-ready.

Any suggestions?