Financing Non Warrantable 36% owner Occ Condo?

[Christopher DeFronzo]

So I found a condo that looks quite intriguing in central Massachusetts, it's bank owned & needs some work due to the previous owner damaging the unit prior to being foreclosed on. I was planning on making a cash offer, renovating & then financing to get my $ out & then hold/rent the unit. BUT...After speaking with my mortgage broker the place cannot be financed due to it only being 36% owner occupied. This is a problem since I don't want to tie my $ up in unleveraged in this place for a 15% ROI. I called a few smaller regional banks to inquire about portfolio lending but was told that the owner occupancy % is an issue for them as well. The condo is in a great area & the financial health of the complex is very good according to their budget paperwork & it's well managed. Is there any type of financing that I can get to get my money out after renovation? I would consider portfolio lending & what about a secured personal loan? Any ideas on types of financing available & an idea of typical terms/rates that I could expect would be a great help to me.