Best method to acquire 1/2 million financing for a secured deal?

[Jamison Ryon]

Okay,

So i have done one flip in my past, and currently have one under way. In the meantime, I was looking for my next project and found some condos that were destroyed last year, down to the foundation. The HOA has beed paid a sum of money from insurance, so every condo owner has a percentage of that payout in escrow...the thing is that the complex was under insured and doesnt have enough to rebuild...so they HOA is litigating and hoping to get an additional payout. I know of some "condo" owners who want to get their cash out and put it elsewhere while the lawyers do their thing for the next year. But...if the HOA does get an additional payout ill be in the profit on any condo i own(i think the odds are likely i could see 50K/condo cash within a year, year and a half, or if redevelopment happens equity of about 70K-80K/ condo(white box) in about 3 or so years). In the meantime...i can offer .9 or .95 cents on the dollar for the current condo owner's "slice of the current payout pie" and they walk away happy also.

So my question is...in this situation, where the real estate deal is essentially already secured by the existing payout sitting in escrow, who would you recommend i look to to finance this deal 100%. Also, because it is secured, i would hope for pretty favorable terms. A 5 year Treasury bill is yielding what, 2%? so i'd hope for a 4% +- interest only load ideally with no early payoff penalties. about 1700-1800/month to carry, HOA/ condo is 100/month . I am not soliciting any loans or asking for mentorship here, just wondering where some of you would turn to find financing if you were in a similar situation.

I have pretty good credit(650+), and cash in the bank, but haven't shown great income for the last two years.  This condo finishing next year will help.