Fix & Rent Loan Brownstone

[M. Michele Hamer]

Hello,

I have been trying to find a good lender for a relative who needs work done on a 3unit brownstone in Brooklyn, NY. The property is owned free and clear but it needs about $250K ($90K of which is for the facade alone) according to the contractor who has been doing work on it. Credit is not a problem, but putting money down is since she has been paying for repairs out of pocket until now. 
What is the probability of getting a loan approval for a project like this? ARV is in the $1.7M range (according to Zillow/ trulia/ Redfin), but an appraisal hasn't been done in a while.