What would you do with 100k @ 9%, no points?

[Rohan J.]

I have a PML that is willing to give 100k at 9% with no points, 12 month terms, and I'm not sure if I want to use it. I typically do conventional loans for buy and holds in Kansas City, so this is new for me. My big concern is not being able to refinance in one year. I don't think buy and holds are great for PML, but I might be off here. Was curious on what the BP community would do to optimize the funds here? I'm not opposed to flipping, but would probably prefer something closer to a BRRRR strategy.. as I want to hold onto the units. Just not sure how to make the most out of this money.

[Michael Henry]

Lend it for 15% and 5 points.