(Also, the developer is reasonably experienced + wealthy and has personally guaranteed some of the existing development projects - but wants to move away from that)I'm also planning to get some equity in the JV / the broader development company (much less equity than if I were to be a pure equity investor of course). because I do think this could scale to 300-400 homes / yearOf note: These homes are modular in nature - so are faster to build and margins are projected to be attractive.My questions for you all is:Have any of you lent to development assets with cross-collateral from cashflowing properties like this?

Add Colorado to the list of states that insurers are fleeing, along with California and Florida.All the states that are prone to natural disasters, insurance costs are exploding as the insurers pull out of those states en mass.

“Business equity line of credit: Use Real Estate as Equity” up to $500k, interest only. gather your business and personal tax returns, financial statements, articles of incorporation and other legal documents.”Vectra Bank - ColoVeritex, TX HELOCWebster Bank, CT, RIWAFD Bank.

Typically in northern states the cost for natural gas is way cheaper than electricity so over the life of the system your utility bills most likely will be cheaper with gas heat.Ductless split systems use electricity to power in heating mode.

I know it’s the nature of the business, but now with overall cash flow cut in half I am thinking maybe just sell it.  

Too much problems since under contract.You allude to other problems, depending on their nature, maybe walk. what is the tenant’s reason for fighting eviction?

Zoning, subcontractors, mother nature, P/I during construction and rent up, your loan doesn't get "fixed" until after construction, material inflation, etc, etc, etc.You have taken most of the risk off the table with family financing and family construction. 

The landlords, like all other men, love to reap what they never sowed, and demand a rent even for the natural produce of the earth." - The wealth of nations chapter 11Is this what your referencing in adoration?

The information he gives is correct information, save for natural errors here or there that anyone would make.

Instead of the typical 20-25% for DSCR loans, you and the seller can dictate the terms, even incorporating an equity-sharing agreement for added flexibility.