I would suggest going to the find a lender tab here on bigger pockets to find a local lender who has the same products. 

Since new builds require upfront capital, you might not see immediate returns, but lower maintenance costs and higher rents typically make up for it long term.If you're serious about scaling with BTR, make sure you connect with experienced builders, property managers, and lenders who understand the strategy.

Also in your situation the 2nd seller financing partner is NOT in first position the old lender who you still owe money to is in first position as you still owe them $88k.

Just wanted to introduce myself and enjoying the Bigger Pockets site and forums.

Do you mind sharing the name of that type of loan/lender that allows you to have the seller carry on a second position?

I believe it depends on the lenders funding source.  

.## Financing OptionsFor Hard Money and Private Lender financing, it's crucial to build relationships with local lenders.

Also looking to build a solid Long Island based team (Agent, contractor, lender).

Lenders will still require a personal guarantee since it is a full recourse loan.

The investor if they slip and the lender if they need to take the house back.