Building Permit Issued...now need to look at financing....what are my options
So, I over the past five years, I have been developing a 9 unit apartment complex in a coastal town in California.  It's my first development and it has been an experience. 

As our town is a tourist town, there are a lot of hoops to jump through to get things developed.   I had gotten a bunch of extensions and the building department said that if I didn't pull a permit this month, they would make me come current with the new building requirements.  So, I pulled the permit without an immediate plan on building but want to break grown this summer.  

Besides a traditional lender, like a regional bank, are there any other options I should be exploring?  The construction cost will be about 6 million.  The units will be high end with rents are about $7,500 a month.  I have about 2 million into the project of hard cost (land, architecture, fees, etc.). 

I have been doing this on my own.  It's been an interesting journey.  I would appreciate your thoughts on how to finance it.
[{"id": "iznqdqc", "text": "What do you consider the completion value, about $12M?  Confirm, you are not looking for partners or giving equity for the construction loan, rather, you just want financing at the lowest cost and best terms?", "replies": [{"id": "izp57q3", "text": "Yeah, I think 12 million is about right.\n\nI don't want to give equity.  \n\nI have about 1.8 million in for the property (I still owe about 800k) and about 800k in fees/development costs.  \n\nYeah, I do want lowest cost and best terms.   \n\nSome concerns are is that I have good income years except last year where my main business had a lost for the first time.  That was sort of Covid related plus timing on some of payments that hit right before and right after the fiscal year.   This year has been very good. \n\nMy thought is to get my taxes done and file them April 15 (I usually get an extension). \n\nI guess my concern is that if I go to local banks and I don't have enough credit/Development history (spots on my credit), not enough in reserves, etc.  \n\nI will have seven figures set aside for reserve.  \n\nI appreciate any thoughts.", "replies": [], "depth": 2}], "depth": 1}]