Proposal for Funding a construction project?

Hello all,

I am trying to write a proposal to a bank to help me fund a construction project.

I own a piece of Land and I have some money to invest, but I need more money to complete the project.

What I am trying to do is to build the apartments and then rent them out and use the rental income to liquidate the debt from the bank.

I need to put a sound proposal together and I do not know where to begin. Is there any material out there that I can use as template or bases for writing my own proposal to the bank?

I already am working on Architectural drawing and can get mostly all the numbers that I might need vis a vis rental income.

Thanks in advance...

Actually, you should hire a professional developer and make this a "joint-effort." An experienced developer knows what he's doing and will be better able to help you deal with the bank. Your going to need 2 loans:

1. Construction loan
2. Long-term loan

After the project is built and you have X% of the units rented out, you will then convert to your long-term loan. I don't think you should try doing this yourself, considering you don't even know where to get a proforma from.

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