Strong rental, but tough to finance....part stick part manufactured

[John D.]

Hi All-

I'm under contract on an unusual REO. This 4 bed, 3 bath house with 2 car garage, on 2.5 acres, is in great shape and needs near zero work. New roof, septic, well, home inspection, everything checks out great. Purchase price of $145k. Should rent for $1800 per month, desirable area, 4 bedrooms are rare, could be marketed as horse property. Strong rental.

    Here's the weird part.  It's partially a 1974 manufactured home, with a large stick-built addition.  You'd never know from looking at it.

Seems like all banks will only lend on manufactured homes built in 1976 or later. A HML sucks all the profit out, and leaving all of my cash in the home without a loan makes the cash-on-cash return look pretty mediocre.

  Anyone aware of a loan option with a rate somewhere between that of a conventional mortgage and hard money, where the lender is willing to work with unusual properties?  Any other thoughts?