Best Small Lenders in LI that understand Real Estate Investing

[James Schauerte]

I'm buying a property from my parents for well under market price. I gut the inside and am going to hire out for electric, plumbing, HVAC, Kitchen, bathrooms, drywall, etc. Nothing is owed on the house, it's worth in the ball park of 550K, we are purchasing for 250K (want to use the Equity to BRRRR future homes). I'm thinking I'll need to get a construction loan and use a portion to pay my parents off, and the other portion to rehab. I'd then refi the construction loan into a 30 year fixed.

Am I thinking correctly as far as the construction loan to 30 year? Better ideas? Does anyone know any small lenders in Long Island that specialize in things like this?

Thanks!