HML Rental Programs for sub-50k properties

[David Lee Hall, III]

I have a property that I have an acquisition and rehab loan that I am looking to finance out of and remove the lender. My initial ARV was in the $70k-$80k range which is acceptable to my previous lenders, and a 3rd party ARV appraisal came in at $100k prior to closing. However, when the post-work appraisal was done, the new appraised value was only $59k. This was too low for the HML Rental program I have used before. It will rent (in process of being filled) between $800-900/mo and I was hoping to do a HML 20-30 year note with all PITI rolled in for no more than $600/mo to allow PM, Cap, and Op plus some cash flow. I am newly independent and do not have required income or W2 information for a traditional lender. Looking for someone that will lend in the Pittsburgh area between $40k-$50k on said property under the parameters stated. Any suggestions would be appreciated.

[Odie Ayaga]

I've seen some of his presentations. I think they're a bit expensive compared to other companies that do the same, but it's understandable since it appears they spend so much getting their name out there whereas many of their competitors are more difficult to find