I Want a Private money lender but don't have %10 down ???

[Lemont Williams]

Okay, so I was on the phone with a seller yesterday and he seemed to be a motivated seller and would like to have this house sold before the end of the year which is like a week and a half or less but I normally use wholesaling as an exit stragey but after learning a little more about the deal it seemed to be something I would like to try as a first flip because its not a total gut job just updating  a kitchen,bathroom and some cosmetic work. I know wholesaling the spread would be way smaller than a flip, That I believe would have an amazing return. I just don't have the capital to be able to get this property purchased and flipped. I have good credit but don't want a super high interest rate of getting a loan or a hard money loan which would be super super high interest rate as well . Do private money lender typically give you a loan based off the deal or how is the process done. Im going to meet with the seller the afternoon to get the deal in contract. Any information will be much appreciated. Thanks in advanced