Last I checked, their occupancy numbers were better than originally projected and they have brought much attention and increased tourism to the previously neglected town.In 2014, the lot at IB Blvd and Seacoast sold for $5.5MM to the Hilton Hospitality Management Group, and a NEW 100 room ocean-front hotel "Imperial Beach Resort" is in the works.  

I have some money from private investors and for a normal project this would be plenty but for this one, it just about covers the all-cash purchase leaving none for the renovation. my question is, can I put a loan on this house after I buy it with cash?

I am in several note-lending opportunities currently.Advantages = Scalability, economy of scale discounts, lower property management rates, easier to maintain than small multi-family, the more units, the safer and more efficient the project (in our opinion) We usually deal with 100 units + on each project, rarely exceeding 350 units.Disadvantages = deal flow (hard to find properties in the domestic US with solid cap rates) We're shifting focus more heavily to Puerto Rico and the opportunities it currently presents.

W.r.t. your ultimate end goal, would you want them onboard to reinvest to help fund future complete projects (i.e. acquisition, rehab and perhaps even guarantors on long term financing) or to be able and execute larger campaigns?

I know the borrower and I understand the project quite well.

I have four projects active right now. 

A 3 month projected reno took nearly 9 months.

I would be financing the project through Mass Save. 

When starting out, it's easy to get caught up in your own projections because you want them to work out and that can lead to biases that cause you to overlook or underestimate some of the associated risks. 

One thing that I noticed too was that you have the total cost of the project as more than the ARV.