We have a borrower who is currently renting a residential property. It is a historic house. But still residential. He wants to purchase with hard money. Lowers score 660's . Income is in assets , No regular income per say. Residential wont touch him unless 700 score for a asset depletion loan. Hard money people so far are saying no because it is hard money. lol

Any thoughts?
Purchase price 1.4M
400K Down
Washington State location near Seattle.

has 1.5M in Stocks and other assets
660 score.

Thanks in advance!
Kevin Millar
K & K Investing, LLC