Except they're probably drawing hair on my head in their mind, or reducing my eyebrow size, or whatever.

Again, limited knowledge, so do not fully know where to draw the line in the sand.Good news is we've been keeping all receipts for the work being done... just seems to be piling up quickly

Eventually the draw period on the HELOC will end so this strategy gives you indefinite cash.

So if the Hard money loan term was for 12 months and the loan was for 100k (100k divided by 12 months = 8,3333) plus interest?

The park is on city streets with city water sewer and has two water meters with a city street dividing the service for the two side of the park (East and West).

All proceeds get divided accordingly and deposited into separate accounts, etc.

That will in turn draw down the contribution.  

Considering these will be short term, 3-6 months, are you calculating a standard annual rate and then dividing by the number months the money was actually loaned and paying out that way?

I am grew up in the area and there are a lot of resources to draw from.

@Steven Gingerich - we have used  +improvement financing on properties before, though none of ours have been on CMHC insured financing, so am not current on whether CMHC insures the +improvement and what constraints/conditions they place upon the draw terms {In their commercial insured products, there are requirements / constraints).One thing to keep in mind for CMHC insured residential, high-ratio financing, is they is only generally available for owner-occupied properties.Unless there are terms demanded by the CMHC insurance, depending on the lender, you may be able to arrange the +improvement as periodic construction draws (you will need supporting paperwork) or you may have to wait until all work is complete and submit your pile of receipts.