Private Financing for 2 New SF Construction in Tampa, Florida

[Eric Sax]

Hi Everyone, I am a Massachusetts-based investor who has primarily done buy and hold deals in Boston, Mass and Tampa, Florida. Last week, I broke ground on building two single family homes in Ybor City in Tampa, Florida which I am hoping to sell once completed. I am financing the majority of the deal myself, but will be about ~100k short with my personal funds so I am looking to raise the final $100k. I am looking for strategies and advice on how to go about obtaining funding. The land was bought in cash so there is no debt on the property. I have looked into hard money lenders, however with all of the fees and points, interest rates tend to be at least 15%. Crowdsourcing seems like a good option, however, I am not too familiar with that route. A private investor would also be ideal, but again, the issue is finding the right person. Any tips or advice from past experiences would be appreciated!