Hello, I'm at a loss and hoping somebody on here could possibly help in relation to refinancing multi units out of private money, short-term loans, or short term seller finance into longer term notes and to pull equity.

My Goal:

Acquire distressed properties in need of rehab. Rehab rent repeat BRRR method

My Problem and background:

Although I have access to private money. My problem is going to be with the refinance with a conventional Bank. 2007 I purchased a duplex with an old high-school friend. In 2010 they could no longer afford payments then filed bankruptcy. The relationship became sour all communication came to an end. There were multiple attempts on my end to resolve this problem before heading to a foreclosure. I have all documentation to prove the Foreclosure was out of my control and all attempts that were possible on my end to avoid it. Foreclosure finalized in June of 2016.

Last month I closed on a second mortgage on my primary residence. It took conversations with many different banks to find the right bank that would not automatically disqualify me because of the foreclosure and allow me to prove my case. I have a decent credit score, decent income, and a load debt-to-income ratio.

It is a different division of the bank that handles a full refinance of a multi-unit property versus a second mortgage on a primary residence that second division could not guarantee me a refinance loan due to the foreclosure making it very risky for me to move forward with purchasing any multi-units with private money.

I'm hoping somebody out there has a suggestion or some advice for me on how I can still do this without having to wait the seven years. That would not allow me to Utilize conventional loans to purchase multi-unit buildings until 2023.