Our construction loan is nearing the point we need to convert the loan. 

Super needed.Half of the homes sold were under contract in 13 days or less, up from 7 days a year ago.46.11% of homes sold for the asking price or above, with 23.4% selling for more than the asking price. 12.3% sold for at least $10,000 over asking and 4.04% sold for at least $25,000 over asking.The sale-to-list price ratio decreased from last month to 98.2% – down from 99% a year ago.Knoxville having the fastest-rising property prices in the country over the last five years, with median home listing prices rising 83%.New construction represented 13.6% of total home sales.With an increase in units over the past year we have seen the occupancy rate moderate at 95.9% down from the high of 98.9% in 2022.

Hopefully, the protective order will help resolve things more smoothly.Speaking of Indianapolis, I’ve been working with investors in the area on new construction duplexes that are designed to minimize tenant issues by attracting stable, long-term renters.

It seems like your broker is answering a different question. you are asking about owning a condo for str. they're answer is about construction cost and Condo Construction and development

Are there any financing options that are favorable to this process and include construction costs?

For me personally I did and do the latter land development and new construction along with all the entitlement work and horizontal then build new construction. 

Thank you for the fast reply.I am leaning towards it might be a bit risky to assume a refinance as an exit strategy if you are in a deal with a lot of equity tied up.Definitely Valdut, its always good to know all options and pick the option which allows for the best execution is speed, pricing, terms, and the right product for the given situation (rehab, acquisition, long term cashflow, construction, or interim, bridge, etc). 

The website is poorly constructed, not appealing and not easy to navigate. 

I always thought it was a cool idea, but anytime I see tech people get into real estate and construction (especially to this scale), I really pause and take caution. 

Brian, I'm a seasoned designer with tremendous construction experience as well.