Renovation Loan for Duplex Investment Property
BP,
I have successfully used a 30 year, conventional renovation loan for a single family investment property in the past.
I just got a duplex under contract, expecting to use the same loan product - of the two lenders I was counting on, one doesn't support this product for investment property, the other does not support the product for Multi-family.
Does anyone have lender recommendations for multi-family, renovation loans for investment property? There are two buildings on the property, and we will only be rehabbing one of the two buildings with the funds from this loan.
I am busy making calls, hoping for a warm introduction for support here in Austin, TX!
Thank you,
Russell Odom