Aside all that, as others mentioned, you didn't lend enough info to give any specific answer to your specific situation.

The interest rate on a HELOC or Heloan may be better than the personal loan. 

Quote from @JD Martin: Quote from @Elizabeth NA: Good evening Alesa, I am reaching out because I would love to speak with you about your experience as I have found myself in a VERY similar situation with Cyrus Gordon and have found he has been sued over 5 times in New jersey including from me.

LTV 70% Loan $440K. 

I do not have any loans through Flagstar Bank, but I would talk to them prior to moving it into the LLC.

Give me a shout if you have questions, but here's the short of it.Best financing is going to be from a bank or a conventional construction loan.

@Alejandro Martinez we have done loans for several Canadian clients that purchased in the US.

Fannie/Freddie (Conventional) loans aren't just about rate and transfer taxes. 

Your VA loan will be crucial to your real estate investing growth, especially since it affords you the potential opportunity to own more than one property, depending on your overall allotment.For active military personnel, that conundrum of where to invest and where you will end up is always part of the issue that sometimes causes analysis paralysis so it's great you have one in VA Beach already.

Depending on your exact situation, you could likely get something closer to 7% and make these numbers work a little better.