Great Deal Looking for Commercial Lender

[Matthew Wright]

I've got an amazing deal I want to take advantage of, however Im having a hard time finding a good commercial lender that will lend on the deal. I found most commercial lenders look at the subject property and base the loan approval on cash flow. Theyre looking for 1.2 DCR, the property I have under contract will be about 2.8 DCR after improvements, which should be a no brainer for a bank. The only problem is, one of the units (duplex) is vacant and the other is occupied by owner and since it has no real history and it isn't currently rented, they are only basing the loan on me and my income
(not sure I could pull it off right now), not cash flow. I want to go commercial because of flexibility and the owner is willing to finance the 20%. Any suggestions? Does that banks requirement sound right? I would think commercial lenders are always dealing with value add properties which have vacant units.