Hard money loan for apartment complex

[Jennifer M.]

Hi BP community,

I came into an investment opportunity that I need to either raise or borrow fund for. Which is easier and faster to get into? A hard money loan or finding investors? 

it's a small apartment complex with less than 10 units in a desirable California location. It's been poorly ran so has a lot of upside. I'll probably need about $1.3m +/- with me putting in $500k+ of my own funds. I need to have funds within 25 days to close on this deal. 

How do i go about getting funding for something like this? I never looked into hard money loans or how to find investors since I've always had traditional methods of funding.

[Ned Carey]

@Jennifer M. What are you looking for down payment money, or a lender for 70-80%. If you are trying to do 100% financing you need both. That is very tough to pull off if you don't already have investors lined up.