This is my first construction project. I'm in contract to purchase a building that will eventually be demolished giving way to the development of a three unit condominium. I'm currently in the process of wrapping up my loan for building /land. And once that is completed I will initiate securing a construction loan. My question is: When does repayment (interest expense) of the land/building begin? I am not earning an income, yet. My income on the project will be generated by the sales of the condominiums.

There are lenders out there, who will include interest expense into the loan. What is your deal? Is it commercial condos?