Financing ideas needed for a rehab property

[Ian Whiteman]

Im trying to work out a deal with a seller on huge duplex property that is in need of a good bit of rehab work. We are talking roof, electrical, termite tenting, some stucco remediation, internal cosmetics, kitchen, etc. We are able to get the property for 400k and have earmarked about 150k for rehab costs, although Id expect them to be in the 125k ballpark. I have hard money guys but none will go over 65% LTV. This would leave us coming out of pocket 150k + 140k which isn't viable. I think we can do most of the renovation work in 90 days and then will refinance conventionally.

I thought I had read or maybe heard on a podcast that there are certain loan programs for this exact situation but this is a first for me. Could anyone help make a recommendation based on the situation I've described?