Because of this gap period, perhaps a bridge loan would help accomplish this goal - as current asset value carries more weight than income verification with these types of loans.As a direct lender, we offer bridge lending programs (1-3 years) with the ability to cash out refi up to 65% of value in as little as 5 days if you are seeking to access funding for more projects.

I do not know how much bridge loans cost or the closing fees associated with them.  

Are there any companies that can do bridge loans and rehab loans?

I would look into going East across one of the bridges (Newark/ Fremont/ Union City/ Hayward areas).  

Besides, you are talking about bridging equity from other assets, which will likely come at additional cost...Either your rents need to go up to at least $625/door across the board in order to make $37,500/door more of a realistic target on the acquisition, or the price needs to come down toward $25,000 door.  

All Cash buyers, those buying with bridge financing etc).  

I know portfolio banks and bridge lenders will cross collateralize the properties but not sure about Fannie/Freddie.The term sheet I just got from Fannie on a 101 unit deal specifies that the entity needs to be a single asset entity.

Hopefully if it looks like it will not make the target they will cut the appraisal short saving a little of appraisal cost.I also know that if I was going to barely miss on the appraisal I would find a way to be able to bring money to add to the equity to bridge the small gap (401K loan, friend/family loan, personal loan, etc.).Good luck.

Short of catastrophe - i.e. the economy collapses so hard that people are living under the bridge rather than paying for a rental because they can't - you are always going to find people that would rather live in a house than live in a cardboard box. 

The looming fear of an upcoming recession has caused the market to shift from a seller's market to a buyer's market, which has further complicated matters.In the past two years, most deals were done with a 3-year short-term bridge loan with a variable rate.