Gap funding usually requires collateral and or pledging of other unrelated assets. i don't like leveraging those items and are typically a oxymoron because if you have those assets and dont have cash you essentially get into a leverage position you dont need to be in.having a asset that can be pledged for a gap loan without cash to me is kind of an oxymoron in itself just my opinion. 

They have all of my loans and do a great job.

I've read about renovation loans, like the FHA 203(k), but haven't found lenders that offer it. 

It doesn’t matter if you owned it outright or had a loan for a $1,000,000.

Hey @Daniel Loane!

I plan on still acting as the tenant for now; could a DSCR loan work in this situation, or does anyone have any recommendations.

The loan amount is $1.5M.Here is what I am trying to beat:-15 amortization (client would like 20 if possible)-rate is Pime minus .25-.50-.1 pt.

If you do be prepared to have a rate of 9.50% or higher which in most cases would be a higher payment than if you simply refinanced and lost the 2% rate.You may also have road blocks with a HELOC that a cash out refinance would not have due to cash in hand and one loan. 

-Type of deal/loan that would best help me to achieve my goals. 

The loan biz has followed this formula for decades and there is a good reason for it!