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Updated about 7 years ago, 10/14/2017

Gerard Charles's profile image
Gerard Charles's profile image
Gerard Charles
  • Rental Property Investor
  • from Austin, TX
  • Member since Aug 8, 2011
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User Stats

30
Posts
5
Votes
Gerard Charles's profile image
Gerard Charles's profile image
Gerard Charles
  • Rental Property Investor
  • from Austin, TX
  • Member since Aug 8, 2011
Connect
Gerard Charles
  • Rental Property Investor
  • Austin, TX
5
Votes |
30
Posts
Multi-Family and Apartment Investing

Construction to permanent loan

Gerard Charles
  • Rental Property Investor
  • Austin, TX
Posted

Hello!  I have a question regarding construction to permanent loan.   I have a four-plex lot  already paid off. I am into getting one since it one time closing cost. I  was recently told it has to be a single family house. 

I wonder if there's any  investment construction to permanent loan to build 4 units in one lot in Texas? 

I have been approved by Wells Fargo to refinance. They don't offer construction to permanent loan.

Anyone familiar with banks in Texas?

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