Under contract trying to close

[Dennis Luciano]

My partner got a three family house under contract as an owner occupy. The cash on had that was available to purchase the property is no longer available. 

Purchasing the home for 100,000k with a 35,000k of rehab and an ARV of 188000.

Question? Due to the owner occupy clause how can we close on this deal? 

Option 1: The hard money lender that we have spoken to, state that they can not loan to owner occupy. 

Option 2: Do a double close with transnational funding. However, the seasoning period is a year. So is this possible due that you would be purchasing the property yourself with a different lender. 

So my 2nd question is, is private lending the only option at this point? Any suggestion? 

Thanks,