Need commercial lending advice!!

[Darrell Wallace]

Here is my situation.  I invest in rental homes mostly.  I have exhausted my 10 FannieMae/FreddieMac loans at this point with both single family rentals and a duplex.  I am a physician with excellent personal credit, so qualifying for loans up to this point hasn't been a problem.  We have a couple LLC's set up that we use for our rental properties.  We are considering partnering with a local (Houston, Texas) builder to construct a duplex now, and then afterwards a triplex.  The builder/developer currently owns the land.  What I need is a lender to provide construction loan for the construction of the duplex, and then upon completion of the duplex, to roll it into a mortgage.  Then I will want to repeat for the triplex.  I have reached out to multiple lenders that I know and keep getting the response that they don't handle those types of loans.  I think I must be looking in the wrong places.

Can I get some advice?

Thanks!

[Myra Mallet]

Hi Darrell! I'm in Houston and building duplexes with a builder. I've been able to work with Allegiance Bank for my construction loans. The loans are considered commercial and are in the name of my LLC. Hope things work out for you!