Compounding on one another sure that will have a big impact on the market but there are a lot of factors at play.

A lower loan to value will be a factor in getting a better rate versus a higher loan to value.

As there is a general flight to affordability, the new developments don't fill as quickly, and rely on concessions and/or lower asking rents to fill up.  

One member wants to be bought out and the other two want to develop new commercial product.

As we continue to stabilize supply chains, seasonal and historical patterns can provide insights for executing your next project, ensuring you factor in risk and stay within budget.Question: What are your thoughts on adjusting to the "new normal", how will investors manage increasing costs with many forecasting stagnant appreciation for the coming years?

I ran your numbers through my own development proforma analyzer and it looks really good as a DSCR loan. 

Are there any other key features you think I should be factoring in?

Experienced developers, could you tell me how the process/financing works?

Another interesting factor to California is global warming.

They should also have proposed or preliminary site plans approved for the remainder of the development.