Can I raise a $550k bridge loan to renovate a 19 unit property in Memphis, TN at only 10% interest only?

[Curzon Peier]

Hi, 

We own a 19 unit Townhouse property 0.6miles from Memphis University. The building is an REO, vacant and requires complete renovation (interior & exterior structural). We are investing $300k in equity and require a further $550k for a bridge to renovate property, lease up and re-finance bridge once stabilized. We are estimating that we can achieve this in a 12 month period. hard budget & contract are in place.

I am assuming that I can raise the loan at 10% or is this just dreaming? 

Thank you