They currently have over 10 under construction in the Los Angeles area.   

I always check around with other property owners, investors and ask them who they're using for their construction work and if they were pleased with the work. 

Are there other options that could be better for a construction to perm loan (not through a traditional bank)???

I liked Ron’s 20+ year asset/construction management and investment background.

got out of flipping to new construction in our market in columbus ohio. licensed general contractor. when interest rates got high single family existing went down by 30% new builds sold at a 6% increase that year which demonstrated the desire and premium that new construction commands. never looking back. total control, rinse and repeat. we can get permits in 28 days. we can buy land cash in 21 days. we can build in 120 days to 140 days and keep moving. super scalable and easy and no risk. we build the same 2-3 Floorplans 

I don't know your strategy if you want to hold rentals or flip/ make cash but you can do either. we have seen an incredible demand for new construction multifamily, people willing to write offers before properties are even built but we don't accept them. mostly on the multifamily end because we have a great city and all the inventory for apartments is 50-100 years old. 

As mentioned before too, newer construction tends to sell at a premium too. 

@Aaron B.So cool that you're actively responding to constructive feedback here!

I think a good starting point would be looking at the comps in your area (recently renovated or new construction homes) that sold around your desired sale price and in your desired timeframe and taking inspiration from there design choices. 

New construction, fully decked out on the design and amenities. purchase price 785K, 40K in seller credits, 120-140k gross rental projections What made you interested in investing in this type of deal?