How to find creative finacing

[Christine Marquardt]

I need help and do not know where to turn. I have a rental duplex which was to be the first of my portfolio. Paid 35k cash and rehabbed it to the studs all with cash. Have renters both section eight and long term. Rents are $950 & $775 a month. There is also an apt in the basement that needs to be finished.

My problem is we lost a large industrial building due to down turn of economy and bank would not reup the financing due to deflated equity. We eventually had to give it back to the bank. They now want to collect on the difficientcy and see my rental as a means. We had it sold for 137,500 and it was supposed to close  last week. Buyers had to bail due to bank issue three before closing. My problem is I need to get 100,000 out for this property to give to the bank for the negotiated payoff. (Judgement payoff is for 210,000) I have never had to seek hard money or private lending before. With a foreclosure and myself as a personal guarantor  no one will talk to me.

Is it possible? Does anyone have any recommendations for a lender in the Ann Arbor MI area. I am just so worried I will get hook up with someone unscrupulous since I do not know anyone. I would like to retain long term or would be willing to sell if money was too expensive making the rental unprofitable.

Any advice would be greatly appreciated .