Know anyone who will lend for Reno cost?

[Caleb Scott]

Hey guys, bought a nice flip house here in San Antonio CASH and have enough to fund the Reno cash as well but it's cutting it a little closer then I'm used to. Does anybody know of a lender who will fund the cost of the renovation? Or maybe a private lender? Thanks in advance. Purchase price - 86k Reno cost - 27k ARV - 149k - 159k Timeline - 6 weeks

[Rick Pozos]

If you already closed on the property and you own it free and clear, you should have no problem going to a HML to get your purchase price back in your hand to pay for rehab.

@Jason Hirko is a local lender who might be able to help with your project. But if you are only looking for a 27k loan, no HML is going to do a loan that small. I think about 50k would be about the min.