Hard money lender and cash purchase at auction

[Mark DiPietro]

My wife and I have located a property we think is perfect to flip.  It is in foreclosure (worst home in good neighborhood) and is going to auction on May 17th.  The problem is it is an all cash auction.  We have about $46k in cash but feel the property will sell for about $75 - $90k and will need another $10-$15k to fix up. 

We have never done a hard money loan, but wonder if we speak to someone and get that set up this week, would that qualify as funds for purchasing the home; or, does the money need to be in our account for a few bank cycles to count?

Any input would be appreciated.

Thanks!