Live-in rental property Mortgage

[Ellie Johnson]

Hey!

We have a property in Portland Oregon we are rehabbing. When all is done we will have 2 units. We want to live in the main floor and rent out the upstairs. The rent upstairs will be $1500-1800.

We have a new business so traditional refinancing is out. We currently have hard money for the rehab and they do offer a long-term option but they want both units rented.

Does anyone know of a lender who will lend on an owner occupied rental and base qualifying off of property value, or another factor besides income or DTI?

We will have about $412,500 invested and the ARV will be $550,000 - right at 75% percent.

Let me know!