Until Fed begins to cut rates I’ve found alternative lenders in some cases to be competitive with banks on construction debt when considering the totality of factors (rate, leverage, depository relationships and pre- payment penalties).

Is it debt way above the 5-6% you can get guaranteed from the bank?

In your example sell the $2 mil building (assume there's $600K of debt remaining so there are 1.4 mil in proceeds). 

Every aspect of real estate is syndicated from ATM machines, farms, to multifamily to debt funds. 

And my current DTI is basically zero as I have no outstanding debt or living expenses right now.

Please note though this is an asset on your estate and if you have debts those also need to be resolved/paid which could complicate things - thus why I strongly recommend an estate planning attorney and a real estate attorney.

Some DSCR (Debt Service Coverage Ratio) loans don’t require current income, focusing instead on the projected cash flow once you rent the units and building.

They have helped over 100 people in the past 12 years restore their lives, and reclaim children from foster care, rebuild families, and return to the job market. 

Yes, you can ultimately own a property with little/nothing out of pocket when you're done - but when you reposition with today's rates even moderately leveraged stabilized assets can be hard to find cashflow with debt service and a realistic operating expense load.

Hey Ram, I'd agree with David, I think you'd like to include a few more expenses like ongoing repairs, trash and replacement costs, plus add in something for vacancy and bad debt, plus add in closing costs.