Personal guarantee issue

[James Wright]

Hello, I have been investing for the last two years.  flips and rentals.  I have 47 units.  I am under contract for 64 units for $1million, needs 600K rehab with an arv of around 2.8 million.

I have a private investor for purchase and rehab. I have talked to 4 banks about refinancing at 65/35 LTV after I reposition. All have said that they would love to do the deal but they want someone with high net worth like my private investor to guarantee the deal.

I would like to keep the deal in house if possible.  Does anyone have a suggestion of what to do?

Thanks, 

Jimmy