Carol, let's take a look at your deal:240k purchase40k rehab320k ARVYou wanna BRRRRR it so first a bridge loan with rehab. 

Power and water systems, bridges, and roads will be constructed to U.S. standards.  

I close both bridge loans and refi loans all the time. 

@Jordan RiggsTell the seller to get a short term bridge loan until you close.What state is it in?

It's also not rented yet so there is no income to DSCR, the tenant would need to be in place or at least moving in prior to closing.That doesn't mean you couldn't get a negative DSCR loan or bridge option, there are many options.

Another option is you could get a construction/bridge loan.My sense is thebuilder wants money upfront and insurance is saying no - which is typical in commercial deals where contractor does not get paid until work is done - none of this upfront stuff except for some mobilization costs.

Terms for these bridge loans are usually 6-12 months.You could assess how much to charge for interest and points based on how experienced the investor is.Would love to connect!

Most investors in our network fund the purchase and rehab with a hard money bridge loan (10-15% down on the purchase and 100% reimbursement on rehab costs).

That said, I have an 18-unit that would be a great addition but I'd like to bridge it until the larger refinance and then include it as part of said refinance.  

Right across the bridge from Cincinnati with a steady population growth.