Need a lending partner

[Amit Shenoy]

Here is my current situation and was wondering if there is a lending partner in this scenario. I have done hard money loans for my places in baltimore . In pittsburgh its a different market.

I usually buy houses in the 15 -- 45k range. I then put in about 50 to 30 k depending on the property and the ARV on the properties end up somewhere in the 125 to 145k range. So from a safety perspective of the loans i way under the 75% LTV and i prefer when i am done to take out only what i had invested unless i really need some extra money.

The situation is i am trying to speed up my development . I for example have found properties i can close next month about 2-3. I also have 2-3 houses going right now all of which i bought in cash and i am in various stages of completion  with some being -- 2weeks to 3weeks out.

All these are done right now with my cash. So currently about 190k of working captial is caught across the 3 houses. i am wondering if there are lenders who can use one of the property as collateral and fund 50k so i can use that to acquire new properties.

I would look to get them out within 2 months as i have a few lenders who can refinance with no seasoning .

So in short :

ARV -- 125 -- 145

Rents -- 1300 to 1500

Holding period -- typically 2 months but on new projects if we start together will be 4 months.

Exit strategy -- Refinance by HML.

Thanks

Amit