Is it Possible to Get Hard Money as a Down Payment?

[Rance Robinson]

I currently have a contract on a great property with a HML who offers 100% Financing. Because the property is in a gentrifying area, the 100% Financing option doesn't fit this HML's criteria so I'd need to bring roughly $42K to close. The property is under contract for about $140K, needs about $70K in repairs with an ARV of about $340K. My question is, would it be possible to get a second HML to cover the cost to close payment? My reasoning for this is because I'd need to get the DP quickly to close this?

I also thought about trying to find a finance partner who I'd offer $20K-$30K after we sell it for lending the cost-to-close. The cash reserves I have just won't cover the CTL. I need to do all of this in two weeks that's why going for a traditional personal loan won't work? Has anybody done anything remotely close to this? Would it be insulting to offer solicit the $20K-30K incentive to an investor to help with the cost-to-close?