And if they are a hobbyist/part-time builder, then they should engage the proper professionals, i.e. a title officer, civil engineer, architect, contractor et al to assist in reviewing the project's feasibility.

Use the HELOC funds for another investment strategy such as funding fix and flip projects.

Quote from @Clint Miller: Anyone here in the community used construction loans to scale their development projects?

Purchase price: $175,000 Cash invested: $65,000 Sale price: $315,000 This was our second flip project located in Sacramento  Congrats Aaron!

Good luck with the project.

Planner 5DPlatform: AndroidFeatures:Supports both 2D and 3D floor plans.Allows you to scan walls and create floor plans as you walk through a property.Offers a vast library of furniture and decor items to customize your plans.Bonus: Projects can be synced and edited on Windows through their web platform3.

All in all my project we are proud though we fought through Covid and interest rates and have exceeded original proforma..

Yes, because Private Money infers that you are in a negotiable deal where your project can be outside the box and you can negotiate unique terms with a private individual - that - or a big box lender with strict rules and guidelines. 

Depending on your multi-family interest, type of project and timing; I might have some interest, if you're open to that idea. 

Example: invest in syndications / short-term rentals / oil & gas wells / solar projects / conservation easements, and so on, due to the tax losses they generate.