Unicorn property in Lakewood Colorado

[Nina Telthorst]

Hi BiggerPockets people!

We have found a property we are interested in that has a single family home and a duplex on one property. We are looking at how to get funding for this property, but we’re told that because it’s so unique, even if we get a hard money loan it may not be possible to refinance into a conventional mortgage because it’s too unique and there’s no way to value the property because there just aren’t any comps. Has anyone run into this problem? How can they accurately appraise the property? We don’t want to have long term private loans and be paying a much higher interest rate. Any ideas?