I have a subdivision in Maryland that I’ve been developing for the past year. Should be permitted to install road and SWM infrastructure by summer 2025. Wondering who does horizontal lending on something like that? I ...

I think that '25 will be a transition year ("end the dive in '25") for the reasons you stated--construction will fall off in Q2-3 but demand will remain...that sparks rent growth.Interest rates:  Yes, flat to up. 

Can you carry the property for the construction period?

This isn't a lending requirement but have some boots on the ground other than just the construction company.

I actually work with a great team in LR that offers turnkey and new construction.

Hello I'm Whitney Steadman a plumbing contractor who looking to do some investing and  fix&flips Have a strong construction side eager to learn more of the investing side and property acquisition

Would it be more expensive to buy an older property like this vs buying a new construction in TX? 

I do see many investors incorporating a similar strategy with new construction builds, heavy rehabs, or in instances where the property was bought far below market value (usually a wholesale type transaction).

Hell, even the Amish look at our construction methods and chuckle. 

Nobody likes living in a construction site.Keep on keeping on and find some hybrid strategy that ticks your boxes.