Can officially structure the funds used to purchase the property as a loan by creating a new LLC to make the loan to the property LLC?  

When it comes to driving for dollars, how do you recommend I structure my drive?

I don't mean in SE MI where I am at, I just mean they change fee structure market to market all the time. 

We'll worry about phase 2 & 3 (the remaining units) later on- Phase 1 is site development (horizontal construction) for the whole project, and a structure that will contain 10 of the units - Horizontal construction costs: approx $225k- Vertical construction costs: approx: $210k/unit- Assuming loan will be structured between an advance against land for the horizontal and a construction holdback for the rest of phase 1What would likely be the loan amount, term, and pricing (rate, points, fees)  for phase 1?

We'll worry about phase 2 & 3 (the remaining units) later on- Phase 1 is site development (horizontal construction) for the whole project, and a structure that will contain 10 of the units - Horizontal construction costs: approx $225k- Vertical construction costs: approx: $210k/unit- Assuming loan will be structured between an advance against land for the horizontal and a construction holdback for the rest of phase 1What would likely be the loan amount, term, and pricing (rate, points, fees) for phase 1?

We'll worry about phase 2 & 3 (the remaining units) later on- Phase 1 is site development (horizontal construction) for the whole project, and a structure that will contain 10 of the units - Horizontal construction costs: approx $225k- Vertical construction costs: approx: $210k/unit- Assuming loan will be structured between an advance against land for the horizontal and a construction holdback for the rest of phase 1What would likely be the loan amount, term, and pricing (rate, points, fees) for phase 1?

I guess the obvious answer is we could structure anything we wanted, but this is definitely a level up for me. I’d love to hear any thoughts or consideration.

Hey Kathy - Leases come with the land, so whatever they have structured into their current lease is what will transfer with the property, and you will have to honor that agreement.

It protects the existing structure and the improvements as they are added. 

I'm looking at a few properties/portfolios above $1.25 mil.From my knowledge, the most obvious way I could make this happen is to put the $200K down toward a mortgage and then ask the seller to finance the balance.How would you structure this?