Private lending in Western Mass not as easy as I thought

[Ramon Alvarez]

So I find myself here again in a tough situation . So when I talk to a lending company, everyone states that what I'm looking to lend ($72,500) is to low for the company to lend. So they say they have another sister company that does loans lower . Then I reach out to that company , they state that I need to close on the loan in the form in an LLC.

So one minute I'm told I can get lending through these "private lending companies, next thing I can't get lending because the amount is too low to lend or I need to close in an LLC. I guess I'm just stuck. I have enough cash in reserves to get me in just about anything with a conventional loan but with these smaller short term loans, seems to be a little bit more tricky.

Does anyone have an advice or experience in acquiring short terms loans for their flips or projects?? I'm looking to flip my first property this year and would like to get the ball rolling . The longer it takes to get funding , the harder it is to lock in a good deal for my area . Any advice or assistance in this area would be greatly appreciated. Thanks in advance BP.