Its a good thing they profited, because projects can go south sometimes and then that really hurts.  

They will give you a normal mortgage + construction funds for your project.

How big is the project?

I recommend modeling your family budget for a year and conservstively project project your income, investment growth and expenses conservatively out to at least 80 years old.

While I am a lender, I personally use hard money on all of my own investment projects.

The fees and overall costs of these loans needs to be a key factor including what if the project goes over time . . . . you can be underwater in no time.Underestimating repair costs and overestimating ARVs based on Zestimates are the next stumbling block.There's money to be made but make sure numbers all work WITH contingencies defined and overages expected . . . remember, a project will always cost more and take longer than initially thought!

However, I am also considering duplex and tri-/quad-plex assets if they pencil.Additionally, I currently work for a locally-based commercial developer/lender on multifamily, land, and some hospitality projects.

I also have family ties in the real-estate industry; my uncle was the project manager for a county in GA, and another family member is the CEO of an architecture firm. 

Can anyone share a breakdown or budget for a similar project in a similar area?

Current Market ConditionsPhoenix has long been a hotspot for real estate investors, particularly those interested in fix-and-flip projects.