In need of a lender. Offer submitted to beat deadline, need POF

[Robbie Case]

Neighbor to one of my rentals listed their property last week. The cutoff to submit offer was today, so didn't have time to secure financing prior. I have one partner that will cover 25%. We only gave ourselves a few days for option period, so now I'm hustling to find a lender as most all of my equity is tied up in rentals.  Any guidance appreciated! 

[Robbie Case]

Thanks for the response, J.

I'm concerned about the amount of time it might take for underwriting. I feel like a bridge debt is what we are really looking for, higher interest rate in exchange for the increased risk of a quick loan agreement. We just want something to get the property secured, then we have more time for the underwriting process to refi. (I'm sure my ignorance is glaring right now) The few hard money lenders we've spoken with say its too rural for them to lend on. This is a little disheartening, I feel like most areas are rural until they're not (e.g., 37 acre mixed use development; $129 million dollar event center; $76.5 million dollar lane widening are all currently under construction in this rural area as well as a 4700 acre master planned community in the planning stages). 

Someone wants to lend on this deal, we just have to find them! Honestly, this is the exciting part for me.