Looking for KY new construction lender

[Joshua Batey]

Hi, has anyone found a lender that will finance a new construction multi-family for a first-time investor? I have called about 20 hard money lenders today who all either said I need more experience or they do not lend in KY.

I have the land under contract, planning to close in a few weeks. I am demolishing the house that is currently on the property due to it being on the city demolition list. I verified with the city that it is R4 zoned. Have a contractor with experience lined up. But I cannot find a lender.

My local bank said it would 50/50 if they would fund the build. My credit union said they would not find the build, but would gladly refinance it to a VA loan once I move in.

I am located in Hopkinsville.

Thanks