If it doesn't cash flow with a normal loan, then it might still be over priced.This Consumer Reports article is from 2016, but points still makes plenty of solid points.

For wish list you need to have a Consumer that must have no matter the price. 

To tell you the truth we started using Quicken in 2000 and found many workarounds, and was time consuming.

I am a consumer first, a target for faceless charities second, barely a citizen, and nobody's neighbor.

This can be time consuming and at times folks are looking for multiple options and can back out during the process before the lease.- Leases: You will need to spend money and time creating a lease that adheres to state and local laws; often have it reviewed by an attorney to ensure you are protected.- ROI: The return is better than a LTR but not as much as a STR can be.

We at one point had about 22 Airbnbs but that market has definitely become more saturated, a lot more competitive, city restrictions and fees have really increased for consumers.

If you are confident that this developer can complete the project on time and budget, while also delivering a product (condos) that consumers in this market want, then your big two risks are handled.Now specifically on this deal: Based on the little info you mentioned, these are about $1.5mm condos.  

Are you looking for lowest payment possible and maybe an interest only or variable rate (but that has higher risk).Once you define what it is you need, then you should start speaking with lenders and ask them what types of products they have for what it is you need.If it is a traditional lender and they are licensed through the nmls (google nmls consumer access to find them), then that means they have been vetted.Note that most lenders DO NOT keep their loans and they get sold, so age of company is usually not important, experience of originator would be more priority for me

The island will consume you.

This includes trends in consumer behavior, technology adoption, and any industry-specific developments.Regulatory Environment:Be aware of the local regulatory environment and any recent changes in policies that may affect businesses.Competitive Landscape:Identify key competitors in the area and understand their market share.