My best friend and I are looking to purchase land to build multifamily homes on (at least 12 units). Does anyone know any reputable commercial real estate lenders?

There are quite a few lenders out there.

The best fit will depend on whether you are just looking for a construction loan, the experience of the team, LTC, origination fees, interest rate, etc.

You can even talk to some commercial mortgage brokers.

The first thing to address is the potential to qualify. Experience for that many a must, liquidity (have 35% to put into deal). If the project is not entitled and shovel ready you are looking at pre-development bridge money. Expect that they will be taken out with construction loan funds unless you are using your own cash for acquisition. Consider that as the exit must make sense numbers wise.

@Lionel Butler There are tons of multifamily lenders out there that could be found with a google search. To name a few, Walker & Dunlop and Arbor. 

Originally posted by @Lionel Butler :

My best friend and I are looking to purchase land to build multifamily homes on (at least 12 units). Does anyone know any reputable commercial real estate lenders?

Local commercial banks and credit unions will be the best bet for these types of loans for smaller deals. The loan rate and terms will be based on your experience, financials, value of the project, experience of the team etc. You will need a complete deal and personal financial package including contract specifications and a pro forma to present to the banks.