Lending based on asset

[Eric Le]

Hi All,

I'm looking to get a mortgage for a duplex in Philadelphia. Seller is selling duplex to me at 100k, while it's now worth 165k. That's because I've been rehabbing while waiting for finance (seller will not screw me over, I really know him). My question is there any local banks that would lend on asset itself? It is currently not rented out but does have a few people making inquiries. I do have a house that has 400k in equity. My DTI is really low, that's why I can't get it finance now or get a HELOC on that 400k. Any suggestions? I don't want to have to sell that duplex.

Thanks All