This will be a commercial loan.

However, you have to take in consideration the amount that would cost you to use that money plus the new loan on the multifamily.

The COVID bonus pay days are over so what they can afford to pay is really down from the height of the pandemic.

Additionally, I am financially prepared to sustain hard money loan payments for up to two years, which is realistic for resolving occupancy issues in NYC.

ARV can be somewhat subjective and lenders that uses an appraisal for hard money loans will defer to the appraisers opinion. 

Quote from @Matthew Holden: I invest through a company that does group loans to borrowers doing SFH rehabs and flips.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Some will do short term loans that allow us to buy, rehab then refi.

Typically you can go up to 75% combined Loan To value.

In this instance the judgments (20+/-) are already issued, now its a matter of collecting while the individual continues with their training programs and buying loans.