(FYI - this was an SB9 "two unit development, not an SB9 lot split). 

More like  2X to 5X the cash out.. these are done with builder developers on their deals So put out 300k get 300k back in profit plus the interest rate. most small builders/ developers need to have a equity partner so you just do both you lend the money and are the equity partner.. pretty clean..

They are developing along the river so a lot of upside here (look up hazelwood green).

@Todd Fullerlove Love that you're looking to develop relationships with local, community banks in Knoxville.

BP Community:I’m building out a list of videos that will highlight the economic development in the specific cities/towns we invest in.

There are Class A industrial projects underway and the development of a large retailer.

I will keep you posted on any future developments.”

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

You could also look into regional banks or credit unions with experience in real estate development for middle-ground options.If I were you, I’d spend some time shopping around for the best rate/terms.

The seller has the two lots legally separated, but due to deed restriction imposed by the subdivision development, found that building a house on the “tennis court” lot was not allowable.