Am I able to use a HELOC? What other financing is available?

[Mitchell Maginnis]

I am finishing up a new construction STR build. I bought raw land in an LLC with a partner to do this. Although I think our personal names had to be on the loan in order to qualify.

My question is....when i finish construction on the new build, am I able to use a HELOC to pull funds to continue building additional units on this raw land? The zoning allows it, but we do not have funds to build right after construction.

The property is projected to make anywhere from 5k-10k/mo. It is a unique build and so the projected income is hard with no comps (hence the wide gap in income potential)

Thanks!!