If you are willing to have an investor/firm pay the 144a bond creation/underwriting fee in exchange for 25%-50% equity in the project this may help you get your project started.
Of course you are free (even encouraged) to pay the 144a bond creation/underwriting fee and own 100% of the project; including 100% of its associated profits.
I've purchase a 28 unit in Chicago for $110,000 needing total gut rehab of $800,000. Is this project something and investor/firm be interested in an equity position with this 144a bond program? The ARV would be just over $2 Million with an NOI of $201,000.