No comps, how do I prove value?

[Tequila Lamar]

Hello!

I'm trying to get hard money financing for a rehab and I'm having a hard time finding comps for the ARV. Looks like I'm going to be the first to establish value in this area but I need existing comps for the appraisal.

Does anyone have any advice for how to handle this situation with hard money lenders/appraisers?

We have a duplex and we’re doing a full gut. It’s hard to find fully rehabbed duplex in our area. We have some comps to support but they’re more than a mile away. Our plan is to air bnb both units and potential income also supports the value we believe we will have. 

Thank you in advance!

-Tequila