Best loan approach in suddenly-expensive Arizona market? Hard $?

[Parker Kenneth]

Hi everyone. Glad to have found this place and hoping to obtain the correct information for some creative approaches to my project!  The quick-changing Arizona market has thrown a rock in the tracks of my project and I need help  

Background: I’ve owned a rental property for 7 years which I sold to pursue this project.  I design custom homes for a living. 

About my project: I own the land outright and it’s valued at about $150,000.   The blueprints are finished and ready to go. The intention of the home is that half of it is to be used as a live+work environment for myself, and the other half as a vacation rental.  I’m going to have the foundation, doors, windows, roofing, exterior sheathing, rough in plumbing and electric, done by a contractor.  I am going to complete the interior finish work as owner/builder. 

I’m not sure how to obtain funding, or rather, what the best way is.  Construction loan is out of the question as they don’t like owner/builder scenarios. 

Originally I was thinking private lender (I’ve spoke to some in the past and they were ok with me doing the work myself) but with construction and home costs skyrocketing in Arizona I’m not sure I can afford to do it this way anymore. 

So I wonder if there are better options out there? Like, could I go the hard money route and use my land asset as collateral? 

I’m willing to make whatever adjustment(s) necessary to pull this off.  Meaning, if I have to turn it into a full rental property, I can do that.   I’m willing to also find an investor who can help finance the build and who would then share in rental profits but I’m not even sure if that’s viable or how to go about finding such a person. 

I’m opened to anything. Just need some creative input!