Obviously, this is not a financing specifically for the overseas property and the borrower could use the money to do anything they want.If you want to use leverage in Mexico, the alternatives to local bank financing are developer financing for pre-construction properties (which is rarely given if you don't have the necessary personal relationships) or seller financing.

But with this 42 units will sft cost will be lower than building 2 or 4 units and we need some guidance who has done this kind of construction/investment.I’m seeking expert advice from an experienced builder-investor in mixed-use developments.

There is lots of economic development in Grand Rapids and it has a diverse economy. 

Just look at how many companies are moving and developing here!

Investor looking to connect with brokers, other investors, and developers in the Louisville area to learn about the market and grow.

I'd just run your numbers on the new development i.e. how much can you get land for, building permits, water/sewer hook-ups, etc. 

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

I bring along a modest amount of real estate experience, having held a number of roles as an investor, developer, broker, and manager, having facilitated the acquisition of over 650+ properties 🏘. 

New development can work but also a job.  

Small, easy to get around, beach bars, and affordable condos are still accessible (though I worry for how long and if it will end up over developed eventually).