Looking for a loan on a build to rent Duplex

[Albert Howard]

I recently found a lot of land that I have under contract and I have a contractor on standby. My question is, once I secure a commercial loan to build or get monies from Hard money, after its is built and rented, has anyone had luck or know that there are banks out there that will do a 30 year note with fixed rate on a Duplex that is an investment property?

The current bank I am talking to says that the commercial loan to build will be a 20 yr note and I just want to be sure that there are banks that will loan me money afterwards on a 30 yr note so I can refi out cash and BRRR this. Thanks for you help.

[Issac San Miguel]

Quote from @Albert Howard:

I recently found a lot of land that I have under contract and I have a contractor on standby. My question is, once I secure a commercial loan to build or get monies from Hard money, after its is built and rented, has anyone had luck or know that there are banks out there that will do a 30 year note with fixed rate on a Duplex that is an investment property?

The current bank I am talking to says that the commercial loan to build will be a 20 yr note and I just want to be sure that there are banks that will loan me money afterwards on a 30 yr note so I can refi out cash and BRRR this. Thanks for you help.

it is called a 30 yr dscr loan. most banks, credit unions, and hml’s offer them. 

so in short, yes, after your construction is complete you can refi into a dscr for an investment property