Brainstorming financing options

[Jeremy Anan]

Hello BP - We currently have a few small multifamily properties. We just went under contract for a new one; a 8-units. 

One unit is vacant. 

All rents are under market. 

The current yearly gross for the 7 occupied units (1 vacant) is $70K. 

The projected yearly rent will be $99K. 

We will bring rents to market right after closing with minimum repairs.

We reached out to our lender yesterday. We need a loan of about $630K. Without even getting to the appraisal, the lender is concern that the current rental income won't support the loan that we are seeking and thinks they can only do a loan of about $450-$475K.
We can't acquire with cash or hard money, bring rents up to market, stabilize the property and then go to the bank to refi.

How can we convince the lender to see what we are seeing and give us the $630K loan?

Thank you BP