Mechanics Lien - Bailout

[Ralph Trinidad]

Good afternoon. I am a mortgage broker in PA. I have a client who owns a residential property in FL. Typically his projects have been privately funded and smaller than this one. The private funding source STOPPED funding the project while construction was going on. The contractor seized doing the work and I believe has placed a mechanics lien on the property. The first mortgage, taxes, insurance, etc on this property have all been paid as agreed during this time. The property is just in mid-construction, not inhabitable and we've had a really hard time finding a way out. We need 1.8M to pay off the first mortgage, mechanics lien and finish the project. We have multiple appraisals in hand that show an after repair value of about 2.3M. So we need short term financing and understand there's a cost to take on the risk. Any idea who might be able to provide financing on something like this?