Looking for financing for a low amount?

[Jessica Thomas]

I have found a property (in Louisiana) that the owner wants to get rid of, so he is selling for $55k. It needs about $15k in rehab. The ARV is estimated to be around $84k. The problem I am having is finding financing for such a small amount. I am well qualified, excellent credit, and have the 20% to put down, but no lenders I can find want to make loans for less than $75k. Does anyone out there have any suggestions for what I should do? Thank you!!

[Brett Deas]

I know a few private money lenders who would do something that small, as long as the timeline works. If you want their info feel free to reach out.