Private Lending & Conventional Mortgage Advice

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Construction loan for a triplex and 2 ADUs

Posted Jul 30 2022, 19:56

Hello, so I've been looking around trying to find a bank that would do a construction loan on a triplex, I paid for the land, it's zoned right and I've got the builder and is now in the design phase. Banks are asking for experience (3 builds in the past 24 months and such) is there anyway around it ? will occupying one of the units help? should I try and get financing on only the triplex first and then in the future build the 2 ADUs ? any help is greatly appriciated. 

San Diego, California

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