It might be a combination of stocks, bonds, mutual funds and alternative assets.  

@Garrett BowserAgree with Wayne as it will increase his insurance and bond costs for having this project on the books along with the liability.I would guess 3-5% of project costs.

Amazingly, they suddenly figure out that they happened to leave some spare rent money under the mattress or their rich uncle left them a bond they can cash out.

Fully licensed, Insured and bonded.

Also, make sure that they are bonded (you can go after their bond if they don't finish the project), licensed and insured. 

Quote from @Noah P Bonds: Following up - I tried Shellpoint one last time today and we came up with a plan.

Mortgage rates will be back down it's not "if" it's a "When" and that is very soon keep in mind the rates took a dramatic drop end of December into the first 2 weeks of January but it was too short of a window for the media or general public to notice until the 1st CPI index report with "Garbage numbers" so it caused a pull back on the bond market and MBS.There are some loopholes right now in FHA, VA and Fannie Mae since we are seeing more "Margin" built into pricing.

They are typically structured with a short-term interest-only period during construction, followed by conversion to a permanent mortgage upon completion of the project.CMBS Loans (Commercial Mortgage-Backed Securities): CMBS loans are commercial real estate loans pooled together and securitized into bonds, which are then sold to investors.

The ground is bonded to neutral at the main only, the overall premise being ground is a backup should a neutral fail.

This strengthens my cash flow position and I will reinvest the balloon funds.