You may have to bridge into this with a construction loan, but typically you can go to 85% or 90% of the value of your home with the combined LTV.

Bridge Loan: Most lenders on BiggerPockets will offer 85-90% of the purchase price plus 100% of the rehab costs.

What about doing a bridge loan for the initial purchase?

When entering a bridge loan, you are applying for a 12 month, interest only mortgage that includes escrowed funds for rehab purposes. 

Hard Money Loans: Would this be a viable option for bridging the $200k gap?

So what are you doing to bridge the equity gap? 

Lucy,It does look like you are referring to the minimum interest, or prepayment penalty, of your existing lender as well as the 'seasoning' period of any potential new lender.Most HMLs won't have a prepayment penalty on a rehab-bridge loan, but a lot of long term refinance lenders would require a period of time after you purchase it before they would take the new 'after repair value' (or, seasoning).

Yes, I have a good relationship with a lender that has a 50k min on Bridge loans.

The work around I generally recommend is using a hard money bridge loan. 

. - Investors would be wise to look into stabilized bridge products with low prepayment penalties. - Prepayment options have become more flexible. - There are a lot more bridge loans for rental products, different than original conceptions of bridge products.- Lenders want to work only with sponsors/operators they are already comfortable with- Capital is meeting the needs of investors, more flexible