There are lenders who will lend without pre-sales.The interest...

There are lenders who will lend without pre-sales.

The interest is higher but negligible in some cases.

Put and call options can be very messy and the lender will scrutinize these with a fine tooth comb, and the hard part is finding willing participants.

Another angle would be to get a Mezzanine funder involved to cover the deposit shortfall.

They may take a JV or equity/profit position with you depending on the deal.

Just a thought.

Presales are required generally for the bigger banks at about 60% which would be 6 of the 10 units.

I have to rush out but hope this helps