If its the business then asset based lenders may be interested.

If you need lender recommendations use the forum to find out who others have used in your area. 

During this renovation period would you, as the lender, want an Actual Cash Value or Full Repair Cost policy in place?

A lender that specializes in distressed properties can help you find the right financing for your scenario.The Bottom LineInvestors will find unique opportunities with distressed properties, but the myths need to be dispelled.

Lau, generally if you are financing with a commercial lender- we lend for business purpose only and a rental property would fall under that category.

Aim for 720+ for best rates, I suggest start building relationships with your local lenders.

Another great option is the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), where you buy a fixer-upper, renovate it, rent it out, and refinance to pull your cash back for the next deal, and this is a good route because most private lenders can go higher LTV than on a rental loan! 

The bank/lender helps with he remainder of the building and construction costs.

Let me know if you’d like insights on specific neighborhoods, market data, or connections to local property managers and lenders—I’d be happy to help!

Having a solid team around you like agent, lender, contractors etc.