I allocated $500/month for insurance which is part of why such a promising revenue to cost projects such poor COC.  

I will have no problem getting the mortgage afterwards, I just have some other projects rolling at the moment that tie up cash.Thanks!

For a "Professional" developer, defined as someone with 24 projects in the last 3 years, the minimum score drops to 660 and the down payment is only 10% with a 9% rate and 1.0% fees.

I've seen a lot of this lately where GPs are offering outside investors pref equity to effectively "save" the project from foreclosure.

That's not everyone - some legitimate players may just be short on cash because of projects (I've been there) - but it is a lot of people. 

If your role is critical to the project's success, aim closer to 50-50.

Starting in 2017, Pina began accepting investments from victim investors for the alleged purchase, remodel, and sale of specific real estate projects in New Jersey and other states.  

I will say that some of the listing prices and projected rents seem high when comparing against my own research.

Maybe a corporate group looking to house multiple workers like for construction or power projects. 

We are looking to wholesale outside of our chosen market to help build capital for projects within our chosen market (Louisiana) as I have potential deals in other markets and am not confident in how to proceed with them contractually, (don't want to be stuck with a bill I can't handle currently and also want to ensure I'm operating correctly).