You may be able to find a private capital group to do temporary financing/refi. Another resource would be a commercial mortgage broker that has quality lenders with different appetites for different projects. A third route would be a local community bank. The community banks are sometimes are more flexible because they know the area and may have confidence in the project and/or ownership. All three of the above will likely want a good story on how ownership intends to improve and/or reposition the property. Good Luck!
Oct 21, 2015