Multi Family Development. Obtaining Loan/Development side percentages
Any help would be much appreciated. A group of investors and a partner and I bought a piece of land in a high density area. We are looking to build 16+ units on it. I am curious as to if we would be approved for a loan. I have little to no experience and my partner has some and has solid assets to his name. Of course we will be putting 30% down and obtaining a 70% loan of the project. 
So first question.
1. Do lenders favor experience over equity in most cases? 
2. Does someone that does have development experience be rewarded with more percentage on the development side since they helped get the loan? How would you structure the development side percentage?

We are doing a 50/50 between the capital and development side. Land is thrown in with capital. And i do have a backup plan as a very experienced (20+ years) developer can take my share and I go for the ride along lol
[{"id": "ig49xwc", "text": "I was going to write a long post, but I'll keep it simple - You should go with the backup plan.", "replies": [{"id": "ig6ldeo", "text": "lol i woulda liked to here the long version but 90% of me was already gonna go with the backup plan just wanted to make certain.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ig4kd92", "text": "1. They\u2019re equally important on development. \n\n2. Highly situational. What\u2019s the project cost? How many LPs/GPs? Who is contributing what? \n\nHonestly, sounds like your backup plan is the way to go.", "replies": [{"id": "ig6l7e3", "text": "Our highest unit count is 24 which would come out to around 4 mil and I think that\u2019s being conservative. That is priced at $325 a sqft. \n\n2LPs and 1 GP. My gut was saying go with the backup plan already but I just wanted to make certain! As I am young and have no track record making money isn\u2019t my number 1 goal but getting the project done and stabilized however possible and learning along the way", "replies": [], "depth": 2}], "depth": 1}, {"id": "ig4q9l8", "text": "Backup plan 100%.", "replies": [], "depth": 1}, {"id": "ig53tt9", "text": "I think you would have a hard time finding a 70% LTC construction loan. We use to get 60% non recourse and now we\u2019re only getting 55% with some recourse.", "replies": [{"id": "ig5ebur", "text": "We don\u2019t develop at the size in the OP (much larger) and we can\u2019t get non recourse loans past 60% LTV. We don\u2019t want that low of a ratio so we typically max out a non recourse loan and do mezzanine or preferred equity to fill the gap.", "replies": [], "depth": 2}, {"id": "ig6mrer", "text": "But what is the percentages we can get if we just went full recourse. With our project cost being 4 mil (still a lot) I guess i don\u2019t see the point in putting 2 mil down when the only risk is the start of construction till the finishing of construction.\n\nSorry if that sounds like a newbie question lol", "replies": [{"id": "ig91hcs", "text": "That's precisely the highest risk period. Once it is up and has a CO you can generate cash flow and service debt. Until then the lender is counting on your experience to get the project done and your wherewithal to support the project through delays or overruns. \n\nGoing full recourse with experience and guarantors worth something versus the project cost you can probably find a 75% LTC lender.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ig59tcj", "text": "Backup plan. Experience and track record matter for development. Even on non-recourse deals we're seeing significant liquidity requirements right now.", "replies": [], "depth": 1}, {"id": "ig742z7", "text": "We\u2019re providing higher leverage debt, though pricing will be adjusted for risk. Having an experienced developer on board is definitely necessary, especially in a volatile market. \n\nDM me if you\u2019d like to explore specific financing options.", "replies": [{"id": "ig79r54", "text": "I\u2019m assuming you are in the hard money business?", "replies": [], "depth": 2}], "depth": 1}]