Florida Commercial Lending Apartment with small Efficiencies

[Courtney M.]

I have a 5-unit apartment under contract. I thought my lending was squared away, but my brand-new broker ordered a residential appraisal instead of a commercial appraisal. Now I am trying to find a commercial bridge lender with very little time left on my contract.

I have discovered that not many lenders will lend on apartments under 500 square feet, and 3 of the apartments in this complex are under 500 square feet.

Does anyone have a referral to a rock star in this lending space?

[Courtney M.]

Purchase price is 750k as is condition it is worth 800+ ARV 1,100,000

My contract is 1/31/2021 I have asked the seller for a 15 day extension but he has not signed it yet. 

Minimum LTV 70%